…other part of the financial market. So you have a two-tier financial system, and then you have a series of issues that I would put in a general label of…

…accounts. That’s what MB is: CB account deposits. So, MB can only be held by, and transferred between, CB account-holders: banks, other central banks, and big international institutions like the…

…Sellers and money-transfer institutions accept (require) these fixed-price money assets for purchases of both real goods/services and financial instruments, because they have a fixed price. Recipients know exactly how much they’re getting…

…campaign for the Democratic nomination for the presidency, he sharply criticized the financial sector. He called for the breakup of the largest financial institutions, and proposed a tax on financial…

…financial crisis. The same phenomenon took place in other countries in the southern periphery of the European Union, but the change in Greece’s investment/GDP ratio between its pre-crisis 2007 level…