An analysis of the endogeneity of money from post-Keynesian theory and the chartalist theory of money
Abstract
This paper analyzed the endogeny of the money supply. The discussion about the origin of the money supply was introduced as a starting point. A first conclusion is that Keynes and post-Keynesians agree with chartalist theory of money, but disagree the hypothesis of full endogeny of the money. For them, the money will be endogeny only with development of banks. This paper has the main hypothesis the full endogeny of the money supply. In this case, not to be need development of banks for currency to be created, because the primary relationship through debit already put the money essentially as endogenous.
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