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
Results 1-3 of 46
... equilibrium , the nth market too must be in equilibrium . If we classify the money market as the nth market , then in equilibrium analysis of all other markets we can simply assume equilibrium in the money market without analysing it ...
... equilibrium is reached , however , either factor mobility eliminates any differences in factor markets , if the monetary shock reflected an event which altered the long - run equilibrium , or the differences are reversed when the short ...
... equilibrium . To the extent that they involve a concept of dynamic equilibrium , it is an equilibrium defined in historical time ( which is irreversible ) . Neither , therefore , can be captured by a general equilibrium system , where ...
Contents
Methodology and the Analysis of a Monetary Economy | 5 |
Money Supply Endogeneity | 21 |
The meaning of endogeneity within a theoretical | 27 |
Copyright | |
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