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 21
... asset prices . The money supply ( generated by credit creation ) is certainly endogenous , but moving in the opposite direction to demand . Further , the greater the responsiveness of the supply of money to asset price expectations ...
... asset prices are prevalent , demand for liquidity rises relative to total wealth , or income . At the same time the liquidity of non - money assets falls as markets become less active , as capital losses become more likely . Since money ...
... assets with a view to making capital gains . The result is increased asset prices , capital gains and readily available credit ; attempts to reduce liquidity succeed in increasing it . If Periphery residents do hold Centre assets as a ...
Contents
Methodology and the Analysis of a Monetary Economy | 5 |
The different methodological bases of Post Keynesian | 11 |
List of Figures and Tables | 17 |
Copyright | |
18 other sections not shown