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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... context of the business cycle provides an ideal framework for this purpose , raising as it does questions of causality within a dynamic process . The discussion will start with the general meaning of endogeneity and exogeneity within a ...
... context , a multiplier framework is employed here . This has the advantage of being a framework common both to monetary analysis and regional income analysis , allowing some basis for a regional monetary analysis . While bank ...
... CONTEXT FROM THE REGIONAL CONTEXT The first clear difference relevant to the present discussion is that international disparities are much more severe than regional disparities . Per capita GNP in the ... context from regional context.
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