Money Matters: A Keynesian Approach to Monetary Economics

aggregate analysis approach asset prices attempt balance of payments bank deposits Bank of England banking system bonds borrowing capital cause changes chapter clearing banks commodity confidence cost crowding currency demand deposits demand for money developing countries domestic economists employment equilibrium Eurocurrency Eurodollar exchange rates expansion expectations fall financial assets financial development financial institutions financial markets financial system firms foreign exchange growth higher hold important income incomes policy increase inflation interest rates investment IS-LM Keynes lending liabilities liquidity liquidity trap loans long run ment Minsky's monetarist monetary authorities monetary base monetary control monetary economy monetary policy monetary theory money balances money multiplier money supply money wages multiplier NBFIS neoclassical output particular price level private sector purchase rate of interest rate of return ratio real assets real wages reduce reserve requirements rise risk savings secondary banks shifts short run speculation stable tions trade wealth effects workers