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
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... structure , but if its basic axioms are unacceptable , then the structure loses its value . The Duhem - Quine thesis shows that the axioms or assumptions incorporated in any economic proposition are so complex , applying at a number of ...
... structure of portfolios may vary in two senses : on the one hand , a more or less liquid structure may be preferred with respect to a range of assets , each with a given liquidity premium ( a movement along the liquidity preference ...
... structure . In particular , does a higher degree of financial integration between regions , in the form of branch banking , alter these conclusions ? A major consequence of interregional branching is that local branches can finance ...
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