The Relationship Between Reserves and Money Creation

In the 19 eighties, you had a more monitorist view of how the monitary system worked. But they abandoned that when they realized that it was really more about controlling the price than money. So in the post g f c world, e banks did not create a lot of credit. And lik like you mention, but it wasn't so much because of a any lack of reserves. It was just had to do with the state of the bank sector at the time.