{"id":999243,"date":"2023-12-11T11:18:53","date_gmt":"2023-12-11T18:18:53","guid":{"rendered":"https:\/\/globalfutures.asu.edu\/cel\/?post_type=project&#038;p=999243"},"modified":"2024-01-16T12:06:47","modified_gmt":"2024-01-16T19:06:47","slug":"dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system","status":"publish","type":"project","link":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/","title":{"rendered":"Dynamics, limitations and possibilities of the modern credit-based banking system"},"content":{"rendered":"<div class=\"wp-bootstrap-blocks-container container mb-0 pt-6 pt-xl-12 mb-12\">\n\t\n<div class=\"wp-bootstrap-blocks-row row justify-content-between\">\n\t\n\n<div class=\"col-12 col-md-7\">\n\t\t\t\n\n<h2 class=\"wp-block-heading mt-0 mb-4\">Dynamics, limitations and possibilities of the modern credit-based banking system<\/h2>\n\n\n\n<ul class=\"uds-list wp-block-list\">\n<li>We are developing a series of ledger based models exploring banking, credit creation, debt demand and economic growth.<\/li>\n\n\n\n<li>Inspired by the \u2018Money View\u2019 of Perry Mehrling, and worked in collaboration with researchers at the Global Climate Forum, Freie University and Institute of Advanced Sustainability Studies.<\/li>\n\n\n\n<li>Our primary methodology for this project is individual-based computational models.<\/li>\n\n\n\n<li>Our goal is to link this to the economic development model to describe how credit can drive economic growth.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading mt-10\">References<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mehrling, Perry. The New Lombard Street: how the Fed became the dealer of last resort. Princeton University Press, 2010.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Murau, Steffen, Joe Rini, and Armin Haas. &#8220;The evolution of the Offshore US-Dollar System: past, present and four possible futures.&#8221; Journal of Institutional Economics (2020): 1-17.<\/p>\n\n\t<\/div>\n\n\n\n<div class=\"col-12 col-md-4\">\n\t\t\t\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"761\" src=\"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg\" alt=\"\" class=\"wp-image-999244\" srcset=\"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg 900w, https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model-300x254.jpg 300w, https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model-768x649.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\t<\/div>\n\n<\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":999244,"parent":0,"template":"","project_detail":[],"class_list":["post-999243","project","type-project","status-publish","has-post-thumbnail","hentry"],"uds_featured_image":{"id":999244,"alt_text":"bank-model","caption":"","description":"","media_type":"image","media_details":{"width":900,"height":761,"file":"2023\/12\/bank-model.jpg","filesize":35848,"sizes":{"medium":{"file":"bank-model-300x254.jpg","width":300,"height":254,"mime-type":"image\/jpeg","filesize":8428,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model-300x254.jpg"},"thumbnail":{"file":"bank-model-150x150.jpg","width":150,"height":150,"mime-type":"image\/jpeg","filesize":3570,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model-150x150.jpg"},"medium_large":{"file":"bank-model-768x649.jpg","width":768,"height":649,"mime-type":"image\/jpeg","filesize":28491,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model-768x649.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"post":999243,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dynamics, limitations and possibilities of the modern credit-based banking system - Complexity Economics Lab<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dynamics, limitations and possibilities of the modern credit-based banking system - Complexity Economics Lab\" \/>\n<meta property=\"og:url\" content=\"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/\" \/>\n<meta property=\"og:site_name\" content=\"Complexity Economics Lab\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T19:06:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg?strip=all&lossy=1&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"761\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/\",\"url\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/\",\"name\":\"Dynamics, limitations and possibilities of the modern credit-based banking system - Complexity Economics Lab\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2023\\\/12\\\/bank-model.jpg\",\"datePublished\":\"2023-12-11T18:18:53+00:00\",\"dateModified\":\"2024-01-16T19:06:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/#primaryimage\",\"url\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2023\\\/12\\\/bank-model.jpg\",\"contentUrl\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2023\\\/12\\\/bank-model.jpg\",\"width\":900,\"height\":761,\"caption\":\"bank-model\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/project\\\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dynamics, limitations and possibilities of the modern credit-based banking system\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/#website\",\"url\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/\",\"name\":\"Complexity Economics Lab\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/globalfutures.asu.edu\\\/cel\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dynamics, limitations and possibilities of the modern credit-based banking system - Complexity Economics Lab","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/","og_locale":"en_US","og_type":"article","og_title":"Dynamics, limitations and possibilities of the modern credit-based banking system - Complexity Economics Lab","og_url":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/","og_site_name":"Complexity Economics Lab","article_modified_time":"2024-01-16T19:06:47+00:00","og_image":[{"width":900,"height":761,"url":"https:\/\/cdn.globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg?strip=all&lossy=1&ssl=1","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/","url":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/","name":"Dynamics, limitations and possibilities of the modern credit-based banking system - Complexity Economics Lab","isPartOf":{"@id":"https:\/\/globalfutures.asu.edu\/cel\/#website"},"primaryImageOfPage":{"@id":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/#primaryimage"},"image":{"@id":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/#primaryimage"},"thumbnailUrl":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg","datePublished":"2023-12-11T18:18:53+00:00","dateModified":"2024-01-16T19:06:47+00:00","breadcrumb":{"@id":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/#primaryimage","url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg","contentUrl":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/bank-model.jpg","width":900,"height":761,"caption":"bank-model"},{"@type":"BreadcrumbList","@id":"https:\/\/globalfutures.asu.edu\/cel\/project\/dynamics-limitations-and-possibilities-of-the-modern-credit-based-banking-system\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/globalfutures.asu.edu\/cel\/"},{"@type":"ListItem","position":2,"name":"Dynamics, limitations and possibilities of the modern credit-based banking system"}]},{"@type":"WebSite","@id":"https:\/\/globalfutures.asu.edu\/cel\/#website","url":"https:\/\/globalfutures.asu.edu\/cel\/","name":"Complexity Economics Lab","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/globalfutures.asu.edu\/cel\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/globalfutures.asu.edu\/cel\/wp-json\/wp\/v2\/project\/999243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalfutures.asu.edu\/cel\/wp-json\/wp\/v2\/project"}],"about":[{"href":"https:\/\/globalfutures.asu.edu\/cel\/wp-json\/wp\/v2\/types\/project"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalfutures.asu.edu\/cel\/wp-json\/wp\/v2\/media\/999244"}],"wp:attachment":[{"href":"https:\/\/globalfutures.asu.edu\/cel\/wp-json\/wp\/v2\/media?parent=999243"}],"wp:term":[{"taxonomy":"project_detail","embeddable":true,"href":"https:\/\/globalfutures.asu.edu\/cel\/wp-json\/wp\/v2\/project_detail?post=999243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}