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 , alter these conclusions ? A major consequence of interregional branching is that local branches can finance local credit beyond their own capacity , as measured by the bank multiplier , by borrowing from Head Office ...
... Branch banking rather than unit banking was shown to render the credit supply curve horizontal , as in the standard Keynesian model . But its position and length are still variable regionally , generating results similar to those for a ...
... banking data ( see , for example , Miller , 1978 ) . The fact that US banks are regionally - specific , and that ... branch banking systems , economists are dependent on the willingness of the banks themselves to publish regional data ...
Contents
Methodology and the Analysis of a Monetary Economy | 5 |
The different methodological bases of Post Keynesian | 11 |
List of Figures and Tables | 17 |
Copyright | |
18 other sections not shown