Re:China lets yuan break 7-per-dollar level for first time i...
by JumpCrisscross on Monday August 05, 2019 @07:54AM
(#20613339)
> There are a very small number of groups licensed to create money by lending, and it is likely they have very accurate records that are to be made available to financial authorities
Every bank is authorized to create money through lending. These range from large, domestic institutions with modern accounting systems to tiny shops in Italy or Greece overseen by an ECB with dollar liquidity swap lines [1]. The estimates are pretty good. But they must always be remembered to be estimates.
Every bank is authorized to create money through lending. These range from large, domestic institutions with modern accounting systems to tiny shops in Italy or Greece overseen by an ECB with dollar liquidity swap lines [1]. The estimates are pretty good. But they must always be remembered to be estimates.
[1] https://www.federalreserve.gov/monetarypolicy/bst_liquiditys...