NMLab · Financial markets analysis platform
The market terminal for quantitative research
A high-performance market analysis platform built for private quantitative research — the power of a market terminal, the rigor of a research environment, the sovereignty of an on-premise system.
About
The engineering and architecture of the environment.
ResourcesArticles and publications.
ContactQuestions, press, partnerships.
Latest articles
- 26. The Quantity Theory of Money (MV = PQ): Linking Money, Prices and ActivityMV = PQ: an identity always true that predicts nothing on its own. When money governs prices, when it stays silent — and velocity's decisive role.
- 25. Money Supply M1, M2: What These Aggregates Really MeasureM1, M2, M3: what each aggregate contains, why a savings account is money and a share is not, and why those borders move with the rules.
- 24. Money Multiplier or Endogenous Creation: Do Banks Lend Out Deposits, or Create Money by Lending?Do banks lend out deposits, or create money by lending? The money multiplier on trial, and what is left of it after 2008.
- 23. Money Creation: How Money Appears in the EconomyBank credit, QE, deficits, foreign currency: the doors through which money appears in the economy — and those through which it disappears.
- 22. The Role of Commercial Banks in Credit CreationHow a bank creates a deposit by making a loan, why repayment destroys it, and the four brakes that bound money creation.