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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... money supply changes , thus modifying the amplitude of cycles . For smaller economies dependent on exports , expansion is synonymous with export growth and thus further reinforcement in the form of foreign exchange inflows . While the ...
... exchange rate instability elsewhere can induce short - term capital flows : inflows when the domestic currency appears strong relative to other currencies , and outflows when it appears weak relative to other currencies . The demand for ...
... currencies against each other . Triffin ( 1991 ) points out the significant and increasing degree to which foreign exchange deposits now dominate international money ( relative to anational assets like gold and IMF instruments ) . The ...
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