Money #primers

In these clips, we'll describe the different types of money, the concept of moneyness & fungibility, how each of these are created, and the flows of money:

> Types of Money
> Currency
> Bank Deposits
> Bank Reserves
> Treasury securities
> Creation of bank deposits (credit)
> Creation of bank reserves
> Flows of Money
> Case Studies:
> Quantitative Easing (QE)
> Post-GFC Credit Crunch
> COVID Fiscal Stimulus
> 2006 Real Estate Boom
> Eurodollar Banking

For those who prefer text, here is the slideshow PDF. In addition, all of this is available as text in Central Banking 101.

Additional readings:
• “Money Creation in the Modern Economy.” (Bank of England).
• “Against the Tide—Currency Use among Latin American Immigrants in Chicago.” (FRB Chicago)
• "The Euro-Dollar Market: Some First Principles." (Friedman, FRB St. Louis, July 1971)
• “How the Fed changes the size of its balance sheet.” (FRBNY, July 2017)
• “Financial panic and credit disruptions in the 2007-09 crisis.” (Bernanke, September 2018)
• "Federal Reserve Senior loan Officer Opinion Survey (SLOOS) on Bank Lending Practices." (Federal Reserve)