Money and Debt: The Public Role of Banks

This Open Access book from the Netherlands Scientific Council for Government Policy explores the mechanics of money creation and banking, identifies current system issues, and proposes various reform strategies for improvement.

Money and Debt: The Public Role of Banks is an Open Access publication by the Netherlands Scientific Council for Government Policy that delves into the intricacies of money creation and banking. It provides a comprehensive overview of the current monetary and financial systems, highlighting key issues and challenges that they face today. The authors aim to illuminate the complexities of these systems while making the content accessible to both specialized and general audiences.

The book systematically evaluates various proposals for fundamental monetary reform. It discusses innovative ideas such as separating money and credit by restructuring banks, the introduction of a central bank digital currency, and the establishment of public payment banks. Through these discussions, the authors propose concrete reforms intended to enhance the stability of the monetary system, promote economic growth in the Netherlands, and ensure a fair distribution of benefits, costs, and risks among the public.

By addressing these topics, Money and Debt not only engages with the specific context of the Dutch financial system but also offers insights applicable to broader global discussions on banking and monetary policy. The authors strive to foster public legitimacy and understanding of the banking system, encouraging readers to consider the implications of financial innovation and reform. This thoughtful exploration makes the book a valuable resource for anyone interested in the future of money and banking.