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. |
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... exchange rate instability elsewhere can induce short - term capital flows : inflows when the domestic currency ... fixed exchange rate case , the floating exchange rate case does not allow for an indefinite availability of finance ...
Sheila C. Dow. both exchange rate regimes are summarised in Table 5.1 . Self - sufficient economy economy | Fixed Exchange Rates Cycle as stable as for closed economy , because offsetting international payments . But capacity to prolong ...
... rate changes ( although these could be authorised in cases of ' fundamental disequilibrium ' ) . But now , with floating rates , the concern is more with exchange ... fixed , but between which they would be floating . Indeed this solution ...
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