Recent relevant papers on money creation

Money creation and circulation in a credit economy

Physica A: Statistical Mechanics and its Applications

Volume 465, 1 January 2017, Pages 425–437

http://www.sciencedirect.com/science/article/pii/S0378437116305398 

A lost century in economics: Three theories of banking and the conclusive evidence

• Original Research Article
• International Review of Financial Analysis, Volume 46, July 2016, Pages 361-379
• Richard A. Werner
•  http://www.sciencedirect.com/science/article/pii/S1057521915001477

Money creation process in a random redistribution model

Physica A: Statistical Mechanics and its Applications

Volume 394, 15 January 2014, Pages 217–225

http://www.sciencedirect.com/science/article/pii/S0378437113009138

Old but relevant: Lindbergh on government legal-tender notes

https://www.scribd.com/document/335651493/Lindbergh-on-government-legal-tender-notes