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Do banks attempt maintain a fixed ratio between their Layer 1 reserves and the newly issued Layer 2 chips, or is the linkage much more loose? Do the 2 types end up being semi-unbiased of each other? Do they first attempt get reserves and then problem chips after that, or https://www.zintro.com/profile/zi1d31d62c?showpublic=true&ref= is it the other way round? What agreements do they have with the central bank if they f*ck up in this process? What constrains their issuance of chips? How do the totally different official regulatory ratios (capital adequacy and many others.) have an effect on this? What’s the connection between central bank financial policy and bank creation of cash? Is it really central financial institution cash issuance that may trigger inflation, or is it financial institution chip issuance?