The "What is Money?" Show cover image

Understanding Money Mechanics with Bob Murphy (WiM397)

The "What is Money?" Show

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Fractional Reserve Banking and Mismatched Maturities

The chapter explores the mechanics of fractional reserve banking and the mismatch between the maturity of assets and liabilities. It discusses how fractional reserve banks borrow short and lend long, the role of central banks as lenders of last resort, and the ethical implications of this banking practice.

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