February 18, 2020
Daniel K. Tarullo, Harvard Law School
To be honest, I have always been a bit bemused by the longstanding theoretical debate as to whether banks are best understood as money creators or financial intermediaries.
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D. Tarullo, Focusing on Risk”
Contributors: Morgan Ricks, Marc Lavoie, Robert Hockett, Saule Omarova, Michael Kumhof, Zoltan Jakab, Paul Tucker, Charles Kahn, Daniel Tarullo, Stephen Marglin, Howell Jackson and Christine Desan, Sannoy Das
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Banking: Intermediation or Money Creation”