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 20
... liabilities , that is , debt ) among entrepreneurs and into more liquid assets among financial investors . This in turn raises the cost of raising equity capital , raises the long - term rate of interest relative to the short - term ...
... liabilities . ( Of these , the Chicago banks do in fact have the highest proportion , Illinois state legislation prohibiting all branch banking . ) This might suggest that it is the largest banks which are more actively involved in ...
... liabilities issued by other economies . As a result , not only is the liquidity of portfolios not confined to local financial conditions , but also the monetary base becomes endogenous , altered by net financial flows between 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