A Look Inside Two Central Banks: The European Central Bank And The Federal Reserve

XMLicious — Mon, 17 Nov 2008 04:37:00 -0800

A Look Inside Two Central Banks: The European Central Bank And The Federal Reserve [PDF], 2003 article comparing and contrasting their basic structure and management from the St. Louis Federal Reserve Bank's magazine Review (blue ribbon for Most Generic Magazine Title). Author Patricia S. Pollard is now with the IMF. One detail I picked out that is no longer valid is that beginning last month the Fed began paying interest on excess reserve balances. (Originally not scheduled to start until 2011, stepped up due to the financial crisis by the Emergency Economic Stabilization Act of 2008^.)

Money as Debt

psmealey — Sat, 24 Nov 2007 10:26:43 -0800

Money as Debt. Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple graphic terms what money is and how it is created.

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A Look Inside Two Central Banks: The European Central Bank And The Federal Reserve

Money as Debt