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 46
... effect of expansion , then , is to increase imports relative to exports . In this case , the trade account serves to modify procyclical money supply changes , thus modifying the amplitude of cycles . For smaller economies dependent on ...
... effect ensures that an appreciation improves the trade account and a depreciation makes it worse . The medium - term effects may however be sufficient for the appreciation to prolong the income trough and the depreciation prolong the ...
... effect , it is the capital account in which the first effect must be felt . In addition , the determinants of the capital account must be explored further to see whether there is scope for payments imbalance to have its origins in this ...
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