Issue #14: The (Global) Collateral System

In other issues of Monetary Mechanics, I have introduced some of the fundamental functions that collateral serves in the global financial system.

• Issue #2: Collateral’s Role in the Modern Financial System

• Issue #4: What is Collateral Velocity?

• Issue #5: What Makes a World Reserve Currency?: Part 2

In this issue of Monetary Mechanics, I will further delve in…