Post-Keynesianismus (Eine sehr kurze Einführung)

Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio.

Fortgeschrittene Makroökonomie-Lehrbücher mit Tunnelblick Über die Enge der DSGE-Modellwelt Sebastian Dullien Quelle: van Treeck, Till, and Janina Urban. Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie. iRights Media, 2016. Das Buch kann hier bestellt werden: http://irights-media.de/publikationen/wirtschaft-neu-denken/.   Rezensierte Bücher: Walsh, C.E. (2010): Monetary theory and policy, 3. Auflage, Cambridge: MIT Press, …

This dossier gives an overview of the functions and the nature of money. The concept of Islamic finance is briefly explored, too.

Sheila Dow discusses the concept of radical uncertainty and the failure of neoclassical economics to integrate it into its analysis. As to the implications for financial regulation that arise from the presence of radical uncertainty she argues for institutional overhaul, where the banks see themselves as a licensed partner of the central bank and where rules, values, and conventions would be subject to a cultural shift. Also, Sheila Dow advocates for a renewed focus on retail banking.