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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... liabilities , that is , debt ) among entrepreneurs and into more liquid assets among financial investors . This in turn raises the cost of raising equity capital , raises the long - term rate of interest relative to the short - term ...
... liabilities . Increased lending can be balanced against increased liabilities to head office as much as increased local deposits . In fact , if we view credit creation as the moving force of bank expansion , deposit increases follow ...
... liabilities in the Atlantic and Prairie regions , and liabilities exceeding assets in the Centre . The banks claim that this demonstrates a redistribution of Centre savings to finance investment in the other regions . But the data are ...
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