The Banking School and the Law of Reflux in General
构建了银行学派描述的所有需求债务回流渠道的“回流矩阵”，指出其一般回流法则不同于反金块主义的真实票据学说，并扩展至国际金本位背景下的国际回流法则，有助于理解银行学派框架的整体一致性。
This article builds a “matrix of reflux” of all the channels of reflux of demand debts described by the banking school. It follows that the banking school’s law of reflux in general is different from the antibullionist real bills doctrine and more complete than a description of the market discipline that throws any convertible issue in excess out of circulation. In addition to the description of the different channels of reflux inside the banking system (channels of the clearing mechanism may be described as the law of interbank reflux), the article extends the matrix of reflux in the international context of the specie regime (all the channels may then be described as the law of international reflux). As a result, the matrix of reflux clarifies the structure of the banking school’s framework and helps us gain a clearer picture of the overall coherence of the banking principles.