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 26
... rate of growth of the inside money system in the post - war years has encouraged the notion that the supply of money is endogenous . Certainly , the lender - of - last - resort function of central monetary authorities has provided ...
... rate of growth of the money supply . The rational expectations theory of the business cycle coincides with the monetarist theory in identifying changes in the rate of growth of the money supply as the cause , although limiting causal ...
... rate of growth of real income is uniform nationwide , in equilibrium . Courchene ( 1981 ) insists that regional differences in income and employment are the equilibrium responses to differences in the public - sector presence in each ...
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