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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... capital account is what prevents the emergence of regional balance of payments problems . The alternative possibility is then explored that the capital account may add to regional problems and as such warrants as much concern as other ...
... capital flows involving multinational financial institutions , and those which do not involve changing currencies ( as is the case with ... Capital Account and Regional Balance of Payments Problems 127 Regional balance of payments problems.
... capital account ; since a shortfall of receipts has an immediate financial effect , it is the capital account in which the first effect must be felt . In addition , the determinants of the capital account must be explored further to see ...
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