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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... Financial markets may contribute to the curtailment of expansion by the limits placed by confidence and practicality on the expansion of the financial system in a closed economy and by the channelling of available finance into highly ...
... behalf of their clients , up to a limit imposed by their capitalisation , charging a mark - up on the national rate . Local demand for credit is strong 104 Money and the Economic Process A Keynesian theory of regional financial markets.
... financial markets ( for example , interest rate ceilings ) . But again the issue has been raised as something ... markets , and thus offers higher returns . Nevertheless there may be particular characteristics of developing countries ...
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