However, the money multiplier effect in the world.

However, the money multiplier effect, and in countries where compulsory redundancy is absent, ie maximum multiplier is not limited to rules of reservation. Money, which consist of animations (this is their main feature), make up a large portion of non-cash and money in general, and also called in different ways. For example, FA Hayek defines them as "partial." However, these funds are emitted and state-owned banks (except central). The money is also referred to as endogenous (internal) as opposed to exogenous (external) base. The author proposed the name "nonbasic" money (or nonbasic issue of money) as opposed to the base (base money issue). Thus, the issue of money M2 (and the unit) can be structured on the base (currency of the monetary base in a broad definition, but the remnants of offices of commercial banks, non-M2) and nonbasic. The fate of nonbasic money in M2 emission increases, which corresponds to an increase in the money multiplier and some increase in credit expansion of commercial banks. Topic: The mechanism of emission