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
Results 1-3 of 44
... confidence , a foreign currency performs the function of outside money . A paradox thus emerges that the outsideness of the monetary authorities ' role in the provision of credit , that is , its exogeneity , relies on their willingness ...
... confidence in expectations as to the value of relevant assets ) . The specific interdependence arises from the fact ... confidence , then some measure of confidence is required . Proxies for the state of confidence are possible ...
... confidence . If gold or commodity valuation engenders confidence then it should be advocated . But now confidence in domestic banking systems depends more on confidence in the authorities ' willingness to act as a lender - of - last ...
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