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 61
... reserves inflows , in the region with the lower rate of leakage into reserves and currency . The simple regional versions of Tsiang's multipliers confirm two important conclusions of his analysis : 14 ( 1 ) the regional and national ...
... reserves and thus reduce the overall size of the credit base , and the local deposit total . ) Referring back to the Mundell model , dividing the regional money supply into an exogenous component and a balance of payments component now ...
... reserves component , then , in order for the balance of payments to sum overall to zero , the capital account must ... reserves or in the exchange rate , if by a ' problem ' is meant a tendency towards imbalance of payments . But either ...
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