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 28
... money supply process itself . Once the money stock is viewed as the outcome of a process , the question arises as to the sense in which it might realistically be treated as exogenous , that is , independently determined . Indeed , there ...
... money stock and the position of the Radcliffe Report ( 1959 ) that the financial system was sufficiently flexible to expand in the face of rising demand . The approach developed here is an attempt to systematise the endogeneity of the money ...
... money supply and the general price level happen to be two of the few truly ... money supply which can elicit an economy - wide reaction , that is , which ... stock . In the absence of a change in external conditions , the existence of ...
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