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Analysis and insight into trends
in money and banking, and their impact
on the world's leading economies

Monthly monetary update - Archive


February 2019 


January 2019 


December 2018 


November 2018 


October 2018 


August 2018 


July 2018 


June 2018 


May 2018 


April 2018 


March 2018 


February 2018 

We did not produce a video was produced in February 2018, although the usual money update is available (see right)

January 2018 


December 2017 


November 2017 


October 2017 

(NB: No monetary update was produced in September)


August 2017


July 2017


June 2017


May 2017


April 2017


March 2017


February 2017


January 2017



Banking and finance in the early years of the United States of America were chaotic. Two of the founding fathers - Thomas Jefferson and James Madison - were hostile to banking, since the issue of paper money led to inflation and default. According to Jefferson,

"...banking establishments are more dangerous than standing armies"

The Great Recession of 2008 - 09 renewed concern about the potential role of the banking system in social and financial instability, and argued for more research and analysis about this critical topic.

Mission Statement

The purpose of the Institute of International Monetary Research is to demonstrate and bring to public attention the strong relationship between the quantity of money on the one hand, and the levels of national income and expenditure on the other.

The Institute is heavily involved in the analysis of banking systems, particularly their role in the creation of new money balances. The relationships between money and national income/expenditure hold in all countries over long periods, and the Institute's research covers many countries. The "quantity theory of money" could be characterized as an "always-and-everywhere theory".

The Institute - which is associated with the University of Buckingham in England - was set up in 2014, in the aftermath of the Great Financial Crisis (a.k.a., "the Great Recession") of 2007 - 2009. It is an educational charity.

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