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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... constraints ( full sectoral employment ) , Keynes did however suggest that activity would generally slow down before that point was reached because of financial factors . While the MEC need not actually fall , 11 it can be expected to ...
... constraints . The nature of these financial constraints , as a function of financial conditions in the two regions , derives from financial flows mirroring flows of goods and services , but also from capital flows and portfolio ...
... constraints on acquisition of liquidity , but also of constraints on availability of foreign credit . Indeed the issue is complicated by the proposition that liquidity preference increases if there is an expectation of credit constraints ...
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