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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... lending and borrowing . In particular it provides evidence of crowding out on an international scale . The pattern of lending is consistent with a ranking of borrowers from high - income developed countries through to lowest - income ...
... lending decisions or decisions not to lend due to geographical remoteness between borrower and lender . CONCLUSION The arguments presented here suggest a modification of the traditional account of the circuit as starting with credit ...
... Lending Multipliers , Tables 6.1 and 6.2 The first four columns show the deposit and lending multipliers for each region , reflecting the total change in deposits and lending once equilibrium has been restored . The multipliers are 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