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. |
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... money equation for the UK to ensure its stability . ( They also challenge Friedman and Schwartz's unexplained presumption that the money supply is exogenous . ) As long as changes in one variable can be shown to be a necessary condition ...
Sheila C. Dow. from monetary data is by no means cut and dried ( see Cooley and LeRoy , 1981 ) . But , having concluded that demand and supply are independent , and having chosen the money supply as the exogenous variable , causality has ...
... money supplies . Regional interest rates thus move immediately to the higher level . To pursue this further , we must specify more carefully the process by which the regional money supply is determined . The standard specification of 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