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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... availability of credit rather than its price ; there is an established structure of interest rate differentials between developed - and developing - country credit , and among developing countries ( see OECD , 1980 , p . 160 ) . Such ...
... credit expansion in speculative markets may discourage entrepreneurial investment plans and / or the availability of credit to finance them . The growth of the Euro - currency market provides scope for extensive purely monetary circuits ...
... credit . The interest rate is thus determined by monetary conditions , but influences the level of output and employment through the cost and availability of credit . Branch banking rather than unit banking was shown to render the credit ...
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