No results.

Bank of England Research Videos

Individual researchers talk about their staff working papers. Views expressed are those of the authors and not necessarily those of the Bank.

Banks are not intermediaries of loanable funds: facts, theory and evidence

Michael Kumhof talks about his staff working paper written with Zoltan Jakab. Full paper available at:
bankofengland.co.uk/working-paper/2018/banks-are-not-intermediaries-of-loanable-funds-facts-theory-and-evidence