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Money, Financial Institutions and Macroeconomics

Money, Financial Institutions and Macroeconomics

Paperback

Series: Recent Economic Thought, Book 53

EconomicsInvesting & Finance

ISBN10: 9401062544
ISBN13: 9789401062541
Publisher: Springer
Published: Oct 5 2012
Pages: 298
Weight: 0.99
Height: 0.67 Width: 6.14 Depth: 9.21
Language: English
Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The main emphasis is on views stressing the importance of credit creation in the monetary process, in a tradition which arguably encompasses Wicksell, the later Swedes and the Austrians, through the later Hicks, the circuit school and contemporary post-Keynesians. In addition, however, there are distinguished contributions from economists with a more mainstream' approach to the issues.
The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy; Part II explores alternative views on money and credit; Part III deals with monetary policy issues in North America; and Part IV discusses monetary policy issues in Europe.
Taken together, the contributions to this volume certainly bear out Hick's famous adage about the much closer relationship between monetary theory' and monetary history' than is the case in other branches of economic thought.'

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