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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... trade account upon the supply of finance depends on whether expansions tend to be internally or externally generated ( following Whitman's , 1967 , classification ) . For large , diversified economies where the foreign sector is ...
... trade account and the direct investment account . The trade account measures payments for goods and services exported from the region allowing comparison with payments for goods and services imported . Location theory determines the ...
... trade imbalance is more likely to arise the more specialised the economy . Should one sector of a highly diversified economy become relatively uncompetitive , then the overall impact on the balance of payments will be much more limited ...
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