Dynamics, limitations and possibilities of the modern credit-based banking system

  • We are developing a series of ledger based models exploring banking, credit creation, debt demand and economic growth.
  • Inspired by the ‘Money View’ of Perry Mehrling, and worked in collaboration with researchers at the Global Climate Forum, Freie University and Institute of Advanced Sustainability Studies.
  • Our primary methodology for this project is individual-based computational models.
  • Our goal is to link this to the economic development model to describe how credit can drive economic growth.


Mehrling, Perry. The New Lombard Street: how the Fed became the dealer of last resort. Princeton University Press, 2010.

Murau, Steffen, Joe Rini, and Armin Haas. “The evolution of the Offshore US-Dollar System: past, present and four possible futures.” Journal of Institutional Economics (2020): 1-17.