Graziani’s seminal contribution to banking theory
29 September 2024
I was trained in a mainstream economics department (UCLA), and as a result came to circuit theory backwards. In graduate school I was frustrated by
The theory of the monetary circuit in the era of non-bank financial intermediation
5 May 2024
Graziani’s theory of the monetary circuit, which combines an elegant simplicity with analytical power, has exerted a lasting influence on scholars of monetary economics. The