Table of Contents

Part 1 Methodology and the analysis of a monetary economy: the significance of the methodological framework; the different methodological bases of post Keynesian and orthodox economics; money, uncertainty and historical time. Part 2 Money supply endogeneity: the meaning of endogeneity with a theoretical framework; the meaning of endogeneity "in reality"; money supply endogeneity and the business cycle. Part 3 Speculation and the monetary circuit with particular attention to the Euro-currency market; speculation - some textual and definitional analysis; the implications of credit-financed speculation; the Euro-currency market. Part 4 Post Keynesian monetary theory for an open economy: the monetarist and global monetarist theory of money and the business cycle; a Keynesian theory of money and the business cycle in a closed economy; a Keynesian theory of money and the business cycle in an open economy. Part 5 The regional composition of the Bank multiplier process; bank multipliers; regional bank multipliers with interregional transactions; the long-run stock equilibrium position; the multiplier process in the short-run; the bank multiplier in the short-run with income adjustment; regional bank multipliers with a national banking system. Part 6 The treatment of money in regional economics: from Beare to Moore and Hill; a Keynesian theory of regional financial markets. Part 7 Incorporating money in regional economic models: the macroeconomic significance of money; money and regional economics; money in a post Keynesian regional model. Part 8 The capital account and regional balance of payments problems: the balance of payments of a region; regional balance of payments problems; the capital account; data considerations. Part 9 Money and regional development: the state of the art on money and regional development; a theory of money and regional development - a paradox of liquidity; the Canadian case. Part 10 Money and the pattern of international development: distinguishing the international context from the regional context; the finance and development literature; liquidity preference; the endogeneity of credit supply; the debt crisis and capital flight; banking structure and economic development. Part 11 The international financial system - institutional arrangements: the international financial system; the role of the state; problems and plans for reform; European monetary union.

About the Author

Sheila C. Dow, Emeritus Professor of Economics, University of Stirling, UK

Reviews

'. . . a clear expression of post Keynesian monetary thought in response to the recent economic developments at the regional, national, and international level.'
*Paul Mizen, The Economic Journal*