Money, Financial Instability and Stabilization Policy
Money, Financial Instability and Stabilization Policy consists of original articles by leading post Keynesians, Kaleckians and other heterodox economists from the developed and developing world
1 online resource (279 pages)
9781847201898, 184720189X
1058192820
Contributors; Preface; Introduction; 1. Negative net resource transfers as a Minskyian hedge profile and the stability of the international financial system; 2. Monetary and social relationships; 3. System dynamics of interest rate effects on aggregate demand; 4. Credibility versus confidence in monetary policy; 5. Understanding the link among uncertainty, instability and institutions, and the need for stabilization policies: towards a synthesis between Post Keynesian and Institutional Economics; 6. Saving, asset-price inflation and debt-induced deflation. 7. Unit roots in macroeconomic time series and stabilization policies: a Post Keynesian interpretation8. Mark-up determinants and effectiveness of open market operations in an oligopsonistic banking sector: the Mexican case; 9. The Washington Consensus and (non- )development; 10. Competition, low profit margin, low inflation and economic stagnation; 11. Foundering after floating? Exchange rate management and the Mexican stock market, 1995-2001; 12. The evolution of financial systems: the development of the new member states of the European Union; Index