#economyofindia #globaleconomy #financeseries #recession #balanceofpayment #triffindilemma #commercialbanks #rbi Show notes, video and article references are listed below: Reserve Currency Definition: https://en.wikipedia.org/wiki/Reserve_currency Bank Reserves Definition: https://www.investopedia.com/terms/b/bank-reserve.asp Foreign Exchange Reserves definition: https://en.wikipedia.org/wiki/Foreign_exchange_reserves Balance of payments definition: https://en.wikipedia.org/wiki/Balance_of_payments Triffin Dilemma Definition: https://en.wikipedia.org/wiki/Triffin_dilemma Balance of payments long definition: https://www.youtube.com/watch?v=QF3Nsbl3i_o Triffin Dilemma long definition: https://www.youtube.com/watch?v=9ghoJ0d3cTQ How Banks really create money: https://www.youtube.com/watch?v=cDNSNX48Kmo Join this channel to get access to perks: null Meta Monkeys Theme - https://open.spotify.com/album/47X7m3F3h7rpZVAoPqXVaT?si=UDSxowmETvy1qkfboaPvYQ Meta Monkeys Podcast : Spotify - https://open.spotify.com/show/6LOQZKadc5ZHbmYW72j24j?si=c77ce54139994c5e Apple Podcast - https://podcasts.apple.com/in/podcast/meta-monkeys-podcast/id1661925237 Amazon Music : https://music.amazon.co.uk/podcasts/33e3d514-f6e9-45b0-8dc4-13535e00fc6d/meta-monkeys-podcast Twitter - https://twitter.com/metamonkeystv Discord Server Link - https://discord.gg/Bt67UtsuF6 Instagram - https://www.instagram.com/metamonkeys_tm/ Mastodon - https://mastodon.social/web/@metamonkeystv Medium - https://medium.com/metamonkeys Substack - https://metamonkeys.substack.com/ 00:00 In this Video 00:38 Rant 02:18 Meta Kasu 09:31 What is Money? 10:30 Is money running only on Trust? 12:24 Brief history of Economics 19:37 How commercial banks create money? 23:30 Limits of Banks for Lending 25:07 Assets and Liability 29:24 Who controls all the money? Banks or RBI? 30:48 Is Inflation good or bad? 32:32 Why deposit money in banks? 34:42 Can a Central Bank like RBI go Bankrupt? 34:57 What is Open Market Operations 36:20 What is Quantitative Easing? 40:28 What is Reserve Currency? 41:51 What were other Global Reserve Currecies? 42:49 Import or Export? What yields growth? 44:22 Triffin Dilemma 47:39 Bretton Woods Agreement 51:09 What is Bancor? 52:11 SDR or Special Drawing Rights 54:15 Conclusion/Fincher Analogy