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 18
... monetary authorities , as supplier of the monetary base . On the other hand , if the bank multiplier is variable , or if the monetary base is changed passively in response to demand , the authorities are at best influencing the stock of ...
... monetary policy may nevertheless still have a role to play if , as Kahn ( 1976 ) suggests , monetary growth is still a necessary feature of inflation , even if not the fundamental cause , and if the monetary authorities can influence ...
... monetary policy would have to be represented by an upward shift in the ... authorities and an endogenous component corresponding to imbalance of ... monetary authority , an exogenously- determined component of the money supply is ...
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