Money and the economic process
. . . a clear expression of post Keynesian monetary thought in response to the recent economic developments at the regional, national, and international level. Paul Mizen, The Economic Journal In 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.
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Methodology and the Analysis of a Monetary Economy
List of Figures and Tables
Money Supply Endogeneity
14 other sections not shown
activity adjustment analysis asset prices availability of credit balance of payments bank multiplier banking system behaviour borrowing branch banking business cycle capital account capital flight capital flows capital outflows central bank Centre changes Chapter confidence constraints context credit creation debt crisis deficit demand for credit demand for money dependency theory deposits developing countries effect endogenous entrepreneurial equilibrium Euro-currency market European central bank example exchange rate exogenous expansion expenditure export factors financial assets financial institutions financial markets Fishkind fixed exchange rate foreign exchange framework funds further growth important income increase inflows injection interest rate international financial system investment Keynes Keynesian theory lending liabilities liquidity preference long-run monetarist monetary authorities monetary base money supply non-bank orthodox particular payments problems Periphery portfolio Post Keynesian private sector production reduced regional development regional economics relative reserves role short-run speculative structure supply of credit theoretical trade transactions uncertainty