Word Reimagined / chamber intake register
Current room: Facts source reading desk. This source record remains logged under proof custody with direct exits to Facts and the Facts threshold.
Source custody / reading room record
Michael McLeay, Amar Radia and Ryland Thomas. "Money creation in the modern economy." Bank of England Quarterly Bulletin 2014 Q1.
Filed note / source reading copy
Bank of England article stating that most money in the modern economy is created by commercial banks making loans, and that the textbook “money multiplier” account — banks lending out pre-existing deposits — is a misconception.