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First, we explore the link between interbank credit coordination and the money generation process. Our article develops an interacting heterogeneous agent-based model of interbank credit coordination under minimal institutions. This happened when, since summer 2007, interbank credit coordination did not longer work smoothly across financial institutions, eventually requiring exceptional monetary policies by central banks, and guarantee and bailout interventions by governments. Coordination mismatch on interbank credit may trigger systemic crises. This interactive process involves money creation at the aggregate level. Interbank lending and borrowing occur when financial institutions seek to settle and refinance their mutual positions over time and circumstances.

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