How much money is there in the world?
Listener Elizabeth Masten, from Norfolk, Virginia, asked Marketplace this question: I’m curious as to how much money is out there in the world? Does anybody keep records as to how much money the world has? …Most of the broad money in the world economy isn’t actually cash held in bank vaults, explained Karen Petrou, managing partner at Federal Financial Analytics. It’s bank balances on digital ledgers, money that people deposited in banks, and banks then lent out again. “Banks always have your money out working in the economy,” said Petrou. “If everybody lined up and suddenly went to the bank to get cash, you’d have a classic banking run.”
https://www.marketplace.org/2017/10/30/world/how-much-money-there-world
