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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... banking . There are plans for a European central bank which will issue Ecu , a currency which was originally created by the European Commission for intergovernmental transactions but which is also now used in private sector transactions ...
... European Central Bank attracts confidence in its capacity to maintain the value of the Ecu and the general stability of the banking system . Bank supervision in fact scarcely gets a mention in the Maastricht proposals , being seen as an ...
... European Central Bank and national central banks be independent of government makes sense only with a monetarist view that controlling the money supply is feasible , and that this on its own will control inflation . As far as the global ...
Contents
Methodology and the Analysis of a Monetary Economy | 5 |
Money Supply Endogeneity | 21 |
The meaning of endogeneity within a theoretical | 27 |
Copyright | |
11 other sections not shown