Money and the Economic ProcessIn this important new book, Sheila Dow argues that money is integral to the economic process and that some common principles may be applied when analysing money's role at the regional, national and international levels. The importance of considering the spatial aspects of money's role has been highlighted by recent developments in Europe and elsewhere. Using a post Keynesian perspective, the first five chapters put forward a methodological and theoretical framework for a theory of money which combines endogenous credit creation and liquidity preference. The next five chapters analyse money's role in the economic process as it affects regional economies. The final two chapters adapt the theory in order to analyse finance and development in the international context, and as a basis for discussing possible international institutional reforms. Money and the Economic Process features some of Sheila Dow's most acclaimed articles and papers in this area, as well as including some new work which reveals the recent development of her thought. |
From inside the book
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... branch banking systems , on the other hand , it cannot be assumed that bank portfolios are determined on a regional basis , in the sense that asset structure is determined by liability structure on a regional basis . But , the analysis ...
... bank account . Suppose further that the bank has branches also in the exporter's region ... branch in the importing region would require a ' loan ' from head office ... banking is the capacity to reallocate existing assets regionally , or ...
... bank can borrow the funds from other financial institutions to back the new advances . But ... branch is called into question . Bank branches are conventionally ... banking system in the States , which currently supports over 14,000 banks ...
Contents
Methodology and the Analysis of a Monetary Economy | 5 |
Money Supply Endogeneity | 21 |
The meaning of endogeneity within a theoretical | 27 |
Copyright | |
11 other sections not shown