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Welcome

Welcome to Splitting Zeros, the blog that looks at how modern money is created and destroyed in the banking system. The material covered is accessible to anyone, whether a lay person or student. Professionals without much of an accounting background may find it useful too.

The purpose of this blog is to cover the mathematical and accounting principles rather than the systems, such as interbank payment systems, money markets and capital markets, involved. Simple examples are used to highlight the concepts involved.

The topics covered may also appeal to those learning Modern Monetary Theory but don't have an accounting background.

Start with Part 1:
Introduction