Author: Andre G. FourcansPublisher:
ISBN:
Category :
Languages : en
Pages : 325
Book Description
Money Stock, Bank Credit, and Interest Rate Formation in an Open Economy
Author: Andre G. FourcansCredit, Interest Rates and the Open Economy
Author: Louis-Philippe RochonPublisher: Edward Elgar Publishing
ISBN: 9781782542827
Category : Business & Economics
Languages : en
Pages : 304
Book Description
'This book should be on the reading list of every graduate course in monetary economics. The distinguished contributors not only examine and discuss the nature of money and the conduct of monetary policy in a modern credit economy, but also take an historical perspective through the writings of Cassel, Wicksell, Sraffa and Hicks, as well as Keynes and Kaldor, and extend the theory of money endogeneity (or "horizontalism") to the open economy and economic growth. Interested readers have a feast before them.' - A.P. Thirlwall, University of Kent at Canterbury, UK 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.
Money Stock, Bank Credit, and Interest Rate Formation in an Open Economy
Author: André FourcansMoney Stock, Bank Credit, and Interest Rate Formation in an Open Economy
Author: André G. FourçansWhere Does Money Come From?
Author: Josh Ryan-CollinsPublisher:
ISBN: 9781908506542
Category : Banks and banking
Languages : en
Pages : 186
Book Description
Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. Following a sell out first edition and reprint, this second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.
Money Stock, Bank Credit, and Interest Formation in an Open Economy
Author: André G. FourcansPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 700
Book Description
The Federal Reserve System Purposes and Functions
Author: Board of Governors of the Federal Reserve SystemPublisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Money, Credit and the Economy (Routledge Revivals)
Author: Richard CoghlanPublisher: Routledge
ISBN: 1317828925
Category : Business & Economics
Languages : en
Pages : 219
Book Description
The Theory of Money and Finance, by the same author, provided an introduction to the basic theory and concluded by introducing the idea of monetary disequilibrium, with the money supply process operating through bank credit creation. First published in 1981, this book develops that theme and provides empirical evidence in support of such an approach.
Money in an Open Economy
Author: M.W. HoltropPublisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 438
Book Description
The end of the Second World War marked the beginning of a new era in the history of the Nederlandsche Bank. The change was clearly reflected in the revision of the Bank Act in 1948 and the take-over of the Bank's share capital by the Government in the same year. The revised Bank Act stresses the importance of the Bank's monetary duties, which are 'to regulate the value of the Netherlands monetary unit in such a way as is deemed most conducive to the welfare of the country, and therewith to stabilize that value as far as possible' a truly Herculean task, particularly in the turbulent years following the war. However ceremonious the language used in formulating these duties, their meaningful performance required a dynamic leader. It was Dr. Marius W. Holtrop who shouldered the task. From his appointment to the day of his retirement he devoted himself to the implementation of monetary policy. But he also went beyond the confines of his immediate duties in that he gave much attention to laying the theoretical foundations for such a policy.
Money and Debt: The Public Role of Banks
Author: Bart StellingaPublisher: Springer
ISBN: 9783030702496
Category : Political Science
Languages : en
Pages : 247
Book Description
This Open Access book from the Netherlands Scientific Council for Government Policy explains how money creation and banking works, describes the main problems of the current monetary and financial system and discusses several reform options. This book systematically evaluates proposals for fundamental monetary reform, including ideas to separate money and credit by breaking up banks, introducing a central bank digital currency, and introducing public payment banks. By drawing on these plans, the authors suggest several concrete reforms to the current banking system with the aim to ensure that the monetary system remains stable, contributes to the Dutch economy, fairly distributes benefits, costs and risks, and enjoys public legitimacy. This systematic approach, and the accessible way in which the book is written, allows specialized and non-specialised readers to understand the intricacies of money, banking, monetary reform and financial innovation, far beyond the Dutch context.