Monetary System Dynamics
Illuminating the Effects of a Market-Based Monetary Circuit

Ephemeral asset valuations do not necessarily reflect endogenous systemic risk. Principally inspired by the wonderful book 'Monetary Economics' (Godley & Lavoie), this site is a study of market-based (shadow) financial institutions within a stock-flow consistent monetary framework. Monetary circuits are not immutable. The dynamical behaviour of modern monetary ecosystems, incorporating market-based (shadow) financial institutions, shape both portfolio and social outcomes.

Our world is non-ergodic; historic time matters. Continuous-time stock-flow monetary models may help us begin to explore a compelling question. What might the endogenous excesses and instabilities of an evolving market-based financial ecosystem across time look like?