Browsing Centre for Commercial Law Studies by Author "Bateman, W"
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Central Bank Money: Liability, Asset, or Equity of the Nation?
Kumhof, M; Allen, JG; Bateman, W; Lastra, RM; Gleeson, S; Omarova, ST (2020-11-14)Based on legal arguments, we advocate a conceptual and normative shift in our understanding of the economic character of central bank money (CBM). The widespread treatment of CBM as a central bank liability goes back to ...