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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... determined by interregional financial flows , determines the scale of the national aggregate . Any change in the ... determined by the non - bank balance of payments condition , while the scale of the money supply is jointly determined ...
... determined more by the money supply or by autonomous expenditure ? In the regional context , Beare specifies the two possibilities as follows : is regional income externally generated by national monetary policy , or internally ...
... determined . However some countries choose to peg their exchange rate to a dominant currency ( notably the dollar ) , and the countries participating in the European Monetary System ( EMS ) have elected to peg their currencies against ...
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