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Working Paper

Private Money Creation and the Suffolk Banking System

While much has been written on the history of the Suffolk Banking System, somewhat surprisingly (to our knowledge) no attempt has been made to formally model its monetary consequences. In this paper we attempt to fill this gap.

Suggested Citation

Smith, Bruce, and Warren Weber. 1998. “Private Money Creation and the Suffolk Banking System.” Federal Reserve Bank of Cleveland, Working Paper No. 98-21. https://doi.org/10.26509/frbc-wp-199821