@article{oai:chuo-u.repo.nii.ac.jp:00016123,
 author = {藤原, 秀夫},
 issue = {39},
 journal = {企業研究},
 month = {Aug},
 note = {application/pdf, The purpose of the paper is to explain the essence of macro credit creation model with the endogenous primary deposit supply and compare this substitutable model to the standard model with the money multiplier, in the simplified flamework of macroeconomy. In the standard model there is not the primary deposit and the constant connected ratio of currency to deposit is assumed but in the substitutable model the reverse is assumed, therefore, the condition that makes primary deposit supply endogenous is assumed, in the latter model. I think that the condition is very important in view of modern banking principle. That deposit supply is determined by total deposit demand over the derivative deposit supply. 
  This substitutable model is also consistent like the standard model if that condition is reasonable. By using this model, the effectiveness of, so-called, QEM policy and the policy decreasing the interest rate on excess reserve deposit is analyzed in detail.},
 pages = {235--248},
 title = {単純なマクロ経済的枠組みの下での信用及び貨幣の創造と本源的預金供給の内生化},
 year = {2021},
 yomi = {フジワラ, ヒデオ}
}