Money & Banking
Central banks, interest rates and credit.
Money
How Banks Create Money Through Lending
Most broad money is created when banks make loans. Covers money aggregates, the textbook multiplier, the quantity theory and the real limits on lending.
MoneyHow Interest Rates Work: Nominal, Real and the Yield Curve
Interest rates set the price of money across time. Learn compounding, nominal versus real rates, the Fisher approximation, policy rates and yield curves.