Credit creation

• 来源期刊: 中国财政与经济研究（英文版）
• 关键词: credit creation money supply financial innovation
• 年，卷（期）: 2014,（3）
• 页码范围: 3-22
• 页数: 20页
• 语种: 英文

摘要

With the development of financial markets and the rise of modern shadow banking system,new agents and new means of credit creation are constantly emerging,and their effects on the financial system and macro-economic system are also obscure.Following historical clues,this paper conducts a review and analysis of the literature on credit creation from the perspective of money so as to render some help for the understanding of credit creation in modern financial system.