Money as debt...How Does the Central Bank Control the Money Supply ( and destruction) ?

How Does the Central Bank Control the Money Supply ( and destruction)?

to be seen...

http://paulgrignon.netfirms.com/MoneyasDebt/The_Un-payability_of_Interest.html

In 1998 the average cash reserve ratio across the entire United Kingdom banking system was 3.1%. ( Now = 0 )
Other countries have required reserve ratios (or RRRs) that are statutorily enforced

 (sourced from Lecture 8, Slide 4: Central Banking and the Money Supply, by Dr. Pinar Yesin, University of Zurich, Switzerland (based on 2003 survey of CBC participants at the Study Center Gerzensee

1. ^ Monetary Macroeconomics by Dr. Pinar Yesin [1]

 

Australia None	Canada None	United Kingdom None	Mexico None	New Zealand None	Sweden None
Eurozone 2.00	Slovakia 2.00	Switzerland 2.50	Poland 3.50	Chile 4.50	Pakistan 7.00
Latvia 8.00	India 5.00	Burundi 8.50	Hungary 8.75	Ghana 9.00	United States 10.00
Sri Lanka 10.00	Bulgaria 12.00	China 15.50	Estonia 15.00	Zambia 17.50	Hong Kong 18.00
Croatia 19.00	Tajikistan 20.00	Surinam 35.00	Jordan 80.00

Note that the chart above gives the USA cash reserve ratio as 10% when the actual ratios stated in the text above the chart are more complex, significantly lower and with many cases of zero reserve. I have no idea how significant the exceptions to the stated percentages for other countries might be.

I notice on these Wikipedia pages that there is a lot of discussion and disagreement about what the details really are. However, the section of my movie being questioned ends with the statement:

"So…while the rules are complex the common sense reality is actually quite simple.

Banks can create as much money as we can borrow."

Monetary Macroeconomics
Lecture 8:
Central Banking and
the Money Supply
Dr. P³nar Ye»sin
December 16, 2005
University of Zurich
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Avec mes meilleures salutations.
François de Siebenthal
14, ch. des Roches
CH 1010 Lausanne
Suisse, Switzerland