Banking sector diversity is key to financial stability
In January 2019, the Netherlands Scientific Council for Government Policy published the report Money and Debt (‘Geld en Schuld’). This report explains how money creation works, describes the main problems of the current monetary and financial system and discusses several reform options. In this article we present the report’s main analysis and conclusions. We focus in particular on our recommendation to facilitate a bank that deals exclusively with payment and savings services.
Bart Stellinga , Josta de Hoog , Arthur van Riel , Janne Verstappen en Casper de Vries