ISBN:
9781782542827
Language:
English
Pages:
1 Online-Ressource (296 pages)
Parallel Title:
Erscheint auch als
Parallel Title:
Elektronische Reproduktion von Credit, interest rates and the open economy
Keywords:
Money supply
;
Monetary policy
;
Credit
Abstract:
The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The authors compare and contrast the horizontalist position with various orthodox and non-orthodox views on money. They argue that horizontalism is perfectly compatible with liquidity preference, credit constraints, and a flexible interest-rate mark-up, and address recent developments in banking that reinforce the validity of a horizontal schedule of credit-money. The overall intention is to place horizontalism within the current heterodox tradition as a general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy. Credit, Interest Rates and the Open Economy is essential reading for those who wish to expand their theoretical understanding of international financial issues and will be of great interest to those involved in macroeconomics, money and banking and radical economics
Description / Table of Contents:
Contents: Preface: Anthony thirlwall -- Introduction -- Part I: Setting the record straight -- 1. Some reflections on endogenous money -- 2. Horizontalism -- Part II: Debates on horizontalism -- 3. Money without scarcity -- 4. Money endogeneity and monetary non-neutrality -- 5. Horizontalism and new Keynesian economics -- Part III: Horizontalism and history of thought issues -- 6. The German balance of payments school and the Latin American neo-structuralists -- 7. Horizontalism and inflation accommodation -- 8. Notes on hicks on money and monetary theory -- 9. Bank creation of money and endogenous money supply as the outcome of the evolution of the banking system -- Part IV: Horizontalism and the open economy -- 10. The reflux mechanism and the open economy -- 11. Monetary autonomy and financial integration -- 12. Foreign exchange, interest and prices -- Index.
Note:
Includes bibliographical references and index
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
