Video about the money multiplier: Part I: The Pyramid Model.

Watch the following video about the money multiplier:

Positive Money (2012, December 7). "What's wrong with the money multiplier? - Banking 101 (Part 2 of 6)" [Archivo de vídeo]. Recuperado el 27 de junio de 2018.

This video presents a version of the monetary multiplier model, which is less sophisticated than the one presented in class. We will call this model the "Pyramid" model. The video criticizes the Pyramid model due to the absent of some elements, like the voluntary reserves, which appear in the model presented in class.