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 27
... exchange rates , then , the supply of liquidity would be more responsive to expected returns than for a closed ... rate changes alter the liquidity of domestic money where liquidity refers to ease of exchange for an international ...
... exchange rate instability elsewhere can induce short - term capital flows : inflows when the domestic currency ... exchange profits . When a weakening of the currency is anticipated , as imports rise relative to exports , a massive short ...
... exchange rate . So the currency which serves the role not only of international money but also possibly that of domestic money is that whose value is most stable . One problem which has emerged during the period of floating exchange rates ...
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