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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... debt crisis can be explained partly as the result of variations in the degree of rationing . But more generally developing countries can be seen as experiencing ... debt crisis provides Money and the Pattern of International Development 169.
... debt crisis ( see for example Lessard and Williamson , 1987 ) . Using one technique for isolating capital flight from ' normal outflows ' , the Bank of England ( 1989 ) estimates that the accumulated level of capital flight was over 30 ...
... debt crisis has been identified as adjustment by developing countries , not creditor countries , and the Maastricht agreement involves an institutionalisation of a deflationary bias ( see the next section below ) . Davidson ( 1991 ) and ...
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