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 47
... role in the future as a collapse of confidence due to an ( exogenous ) theft of the central bank's gold stocks if the collapse is irreversible . A causal role may thus be extended from strictly exogenous variables ( in the econometric ...
... role of money at the national level , this role has not been transposed into the sub - national framework of regional economics . While much of regional economics is Keynesian in its use of multiplier analysis , little reference is made ...
... role of the financial sector in regional development , then , it would be quite reasonable to combine the type of partial model of credit creation and liquidity preference suggested by Chapter 7 of this volume and Harrigan and McGregor ...
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