Neil Wilson — Banks are fully funded

The Bank of England has published a blog post asking if Quantitative Easing boosted bank lending.

The language in that piece isn't helpful. But it is written in the expected format of its intended audience (those who believe in the BLC theories) without being wrong. I thought it might confuse a few people.

All banks are fully funded, as I've indicated before….

3spoken
Banks are fully funded
Neil Wilson

John Carney — Basics of Banking: Loans Create a Lot More Than Deposits

When someone says "loans create deposits," usually that means at least that the marginal impact of new lending will be to create a new asset and a new liability for the banking system. But in our system it's actually a bit more complicated than that.

CNBC NetNet
Basics of Banking: Loans Create a Lot More Than Deposits
John Carney | Senior Editor