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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... framework for this purpose , raising as it does questions of causality within a dynamic process . The discussion will start with the general meaning of endogeneity and exogeneity within a theoretical framework . Much less ...
... framework , endogeneity and exogeneity and thus causality are matters of definition . The significance of the definition depends on the type of theoretical framework employed . A closed , axiomatic framework defines as exogenous those ...
... framework is employed here . This has the advantage of being a framework common both to monetary analysis and regional income analysis , allowing some basis for a regional monetary analysis . While bank multipliers are conventionally ...
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