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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... non - bank outflow of Periphery to Centre ( a higher apckp ) increases the national multiplier , increases the Centre multiplier and reduces the Periphery multiplier . ( The reverse is true for a higher rate of non - bank outflow from ...
... non - bank purchases of Centre securities . Indeed , for regionally - separable banks whose profits are constrained by deposit levels , the Periphery banks would gain by a policy which thus increased the regional money multiplier ...
... non - bank financial intermediaries . " 19 While we have concentrated here on bank behaviour , we could instead have put more emphasis on non - bank portfolio choices . Even without any ... bank multipliers with a national banking system.
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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