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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... endogenous money supply ; money supply growth is at its most accommodating in boom times , when a financial crisis can have long - lasting consequences for output ; the endogenous contraction of monetary growth in recessions similarly ...
... endogenous variables and the latter the exogenous variables . It would then appear at first sight to be a matter simply of testing the theory's predictions to assess whether the line between endogenous and exogenous has been drawn in ...
... endogenous , responding to demand . The exogenous aspect of credit provision in reality is thus past experience of the behaviour of financial institutions , and whatever institution backs the financial system . It is a combination of ...
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