skip to content

Faculty of Economics



Banks Do Not Create Money Out Of Thin Air

In recent years, some have claimed that banks create money ‘ex nihilo’. In the most read column this month for VoXEU "Banks Do Not Create Money Out Of Thin Air", Dr. Pontus Rendahl and (PhD Student) Lukas B. Freund explain that banks do not create money out of thin air, that there are no magic money trees.


Published on - Tuesday 7th January 2020

Tags:

Banks

Banking

Monetary


Top 10 News Tags


Women in Economics

COVID-19

Trade

Brexit

Networks

Policy

Macroeconomics

Climate Change

UK

Economic History



Faculty News