Socrates. 2015, 2 (2)

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Browsing Socrates. 2015, 2 (2) by Author "Bočs, Lauris"

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    Legal Importance of Money Creation
    (Rīgas Stradiņa universitāte / Rīga Stradiņš University, 2015) Bočs, Lauris; Rīga Stradiņš University, Doctoral Studies Programme “Law”, Latvia
    The aim of the research is to analyse legal aspects of systemic money creation. By using descriptive, analytical, systemic and legal-technical methodology, the article examines the role of credit institutions and determines their systemic importance for money creation. The author concludes that credit is the basis for modern money creation which has a deteriorating effect on long term money system stability because of inherent inflation needs.