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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... relative to the short - term rate , and raises further the liquidity premium on money and other liquid financial assets . It is important from a methodological point of view to note that all the features of a Post Keynesian model have ...
... relative to other currencies . The demand for liquidity increases relative to income , then , in the first case and falls in the second . For an export - dependent economy , the trade account reinforces the long - term capital account ...
... ( relative competitiveness ) and on the demand side ( relative income growth ) , as well as imbalance on the capital account . He argues that an area does not need a separate currency to correct payments imbalance if there is factor ...
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