Zentralbankkooperation funktioniert – für manche

Zentralbankkooperation funktioniert – für manche
Mathis Richtmann
Dezernat Zukunft, 2020
Level: beginner
Perspective: Other
Topic: Globalization & International Economic Relations, Macroeconomics, Money & Debt, North-South Relations & Development
Format: Policy Paper & Advocacy
Link: https://www.dezernatzukunft.org/zentralbankkooperation-funktioniert-fuer-manche/

Photo by Charlotte Venema on Unsplash

Die internationale makrofinanzielle Architektur erlitt im März 2020 einen Schock: Nachdem globale Lieferketten geschlossen wurden, froren Offshore Geldmärkte ein. Die wichtigen Zentralbanken reagierten schnell und beliehen sich gegenseitig mit Währung. In sogenannten swap-lines, können Offshore Märkte mit Liquidität versorgt werden. Der Artikel fasst die Ereignisse im März zusammen und zeigt, wie die Fed auf diesem Weg die Dominanz des US-Dollars verteidigt.

Kommentar von unseren Editor*innen:

Neben der Zusammenfassung der Zentralbank Reaktionen auf die Corona Krise, ist der Artikel auch ein guter Einstieg um für unser heutiges international verbundenes ökonomisches System wichtige Konzepte zu verstehen. Das sind z.B. der Offshore-Dollar-Markt, befristetes wechselseitige Währungsabkommen (Swap-Vereinbarung) der FED mit anderen Zentralbanken und die Zusammensetzung des internationalen Geldsystems. Theoretisch sind diese nah an der Arbeit von Perry Mehrling, dessen Arbeit zur 'money view' wir auch auf Exploring Economics verlinkt haben. Sehr zu empfehlen ist zum Beispiel der Kurs Economics of Money and Banking und sehr aktuell zur Corona Krise ist der Podcast The Historic Crisis Of Financial Market Plumbing.

Gehe zu: Zentralbankkooperation funktioniert – für manche

This material has been suggested and edited by:

Jorim Gerrard Jakob Nitschke
Schlagwörter: central bank | ECB | EZB | FED (Federal Reserve System) | finance | financialization | off-shore dollar | swap-line
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.
2012
Level: beginner
How money gets destroyed - Banking 101 (Part 6 of 6)
 
Positive Money
The article discusses the state’s influence on innovation through financial support and provides examples how the state could receive a financial share of successful enterprises in order to keep on driving innovation in the future.
2013
Level: beginner
State of innovation: Busting the private-sector myth
Mariana Mazzucato
https://www.newscientist.com
The Money View Symposium was hosted by YSI on 5-7 February, 2021. The Symposium showcased the work of scholars and practitioners that make use of the so-called Money View, ranging from economists to lawyers, politicians and social scientists at large. The symposium aims to illuminate the main tenets of the Money View and to demonstrate its juxtaposition to the mainstream.
2021
Level: advanced
Money View Symposium 2021
various
Young Scholars Initiative
Dr. Katherine Trebeck explains some reasons why we should believe the future of the economy should be a wellbeing economy.
2020
Level: beginner
Why the Future Economy has to be a Wellbeing Economy
Katherine Trebeck
TEDx Talks
In parallel to rising inflation numbers, the concept of profit inflation has clearly risen to prominence in recent years. But what is it exactly? This dossier aims not only to collect the most important publications on profit inflation but also intends to map out the development of the discourse and the different positions within the debate.
2024
Level: advanced
Profit Inflation: Mapping the debate
Theresa Walter
Exploring Economics
Auf dieser interaktiven Webseite werden die Hintergründe und Ursachen der Finanz- und Wirtschaftskrise präsentiert.
Level: beginner
Die Krise verstehen
 
https://www.diekriseverstehen.net/

Donate

This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.

 

Donate