Money and credit in capitalist economies: the endogenous money approach
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot, Hants
Elgar
1990
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XX, 326 S. |
| ISBN: | 1852783567 |
Staff View
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| 245 | 1 | 0 | |a Money and credit in capitalist economies |b the endogenous money approach |c L. Randall Wray |
| 264 | 1 | |a Aldershot, Hants |b Elgar |c 1990 | |
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| 650 | 4 | |a Monetary policy | |
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Record in the Search Index
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| adam_text | CONTENTS
Preface and Acknowledgements ix
Introduction xiii
1 The Endogenous Approach to Money
Introduction 1
Origins of money 2
The Post Keynesian conception of money 10
Which assets constitute money? 13
Liquidity, money, and spending 16
2 Money and Institutional Evolution
Introduction 24
Definitions 25
Endogenous money without banks: the case of
Islamic society 28
Premodern financial institutions and the rise of
banking in Western Europe 30
The role of the state in the development of a
monetary system 38
The development of modern banking: the case of
England 45
Money and the logic of capitalism 54
The third world and endogenous money 62
Conclusions 64
3 Endogenous Money versus Exogenous Money
Introduction 72
The endogenous money approach 72
Exogenous control of the money supply 74
Statistical exogeneity 78
Endogenous money and central bank behavior 83
Conclusion 90
4 History of the Endogenous Money Approach
Brief overview of the history of the approach 99
The Currency School and the Banking School 100
v
Marx and endogenous money 110
Keynes and endogenous money 116
Schumpeter on credit and innovation 123
5 Revival of the Endogenous Money Approach
Introduction 131
N. Kaldor and the Radcliffe Committee 131
Hyman Minsky and the financial instability
hypothesis 135
James Tobin and the new view 138
John G. Gurley and E.S. Shaw: intermediation
and diversification 142
Basil Moore: the horzontalist approach 147
Marc Lavoie: the flow of credit 150
6 Endogenous Money and Interest Rates
Introduction 155
Liquidity preference in Keynesian and Post
Keynesian thought 155
Flows, stocks, money demand, and liquidity
preference 162
Liquidity preference and IS LM models 170
Endogenous money, expectations theory, and the
markup approach 177
Conclusions 187
7 Institutional Analysis
Introduction 193
Reserve requirements 195
Fed funds market 198
Repurchase agreements 200
Certificates of deposit 201
Borrowing from foreign sources 202
Discount window and open market operations 203
Summary of sources of funds 207
Analysis of uses of funds 208
Reserves 209
Government bonds 210
Loans 210
Off balance sheet commitments 213
Conclusions 218
Appendix 223
vi
8 Review of Evidence Supporting the Endogenous
Money Approach
Introduction 242
Institutional innovation 242
Federal reserve bank behavior 247
Formal empirical tests 253
Money and the business cycle 259
Conclusion 263
9 The Balance Sheet Approach to Money
Introduction 267
A simple model 267
Reserve requirements 271
Simple numerical example 271
A model with production and consumption 273
Extensions of this model 278
Expectations, uncertainty, and investment finance 280
Conclusions 283
10 Conclusions and Policy Implications
Summary of the endogenous money approach 287
Policy implications 291
Bibliography 303
Index 319
vii
|
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| spelling | Wray, L. Randall 1953- Verfasser (DE-588)142136832 aut Money and credit in capitalist economies the endogenous money approach L. Randall Wray Aldershot, Hants Elgar 1990 XX, 326 S. txt rdacontent n rdamedia nc rdacarrier Geschichte gnd rswk-swf Crédit Crédit ram Masse monétaire Masse monétaire ram Monnaie ram Politique monétaire Politique monétaire ram Credit Monetary policy Money supply Geldmengenpolitik (DE-588)4132736-6 gnd rswk-swf Geldtheorie (DE-588)4121333-6 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Geld (DE-588)4019889-3 gnd rswk-swf Westliche Welt (DE-588)4079237-7 gnd rswk-swf Westliche Welt (DE-588)4079237-7 g Geldpolitik (DE-588)4019902-2 s DE-604 Geldmengenpolitik (DE-588)4132736-6 s Geldtheorie (DE-588)4121333-6 s DE-188 Geld (DE-588)4019889-3 s Geschichte z HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002735055&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wray, L. Randall 1953- Money and credit in capitalist economies the endogenous money approach Crédit Crédit ram Masse monétaire Masse monétaire ram Monnaie ram Politique monétaire Politique monétaire ram Credit Monetary policy Money supply Geldmengenpolitik (DE-588)4132736-6 gnd Geldtheorie (DE-588)4121333-6 gnd Geldpolitik (DE-588)4019902-2 gnd Geld (DE-588)4019889-3 gnd |
| subject_GND | (DE-588)4132736-6 (DE-588)4121333-6 (DE-588)4019902-2 (DE-588)4019889-3 (DE-588)4079237-7 |
| title | Money and credit in capitalist economies the endogenous money approach |
| title_auth | Money and credit in capitalist economies the endogenous money approach |
| title_exact_search | Money and credit in capitalist economies the endogenous money approach |
| title_full | Money and credit in capitalist economies the endogenous money approach L. Randall Wray |
| title_fullStr | Money and credit in capitalist economies the endogenous money approach L. Randall Wray |
| title_full_unstemmed | Money and credit in capitalist economies the endogenous money approach L. Randall Wray |
| title_short | Money and credit in capitalist economies |
| title_sort | money and credit in capitalist economies the endogenous money approach |
| title_sub | the endogenous money approach |
| topic | Crédit Crédit ram Masse monétaire Masse monétaire ram Monnaie ram Politique monétaire Politique monétaire ram Credit Monetary policy Money supply Geldmengenpolitik (DE-588)4132736-6 gnd Geldtheorie (DE-588)4121333-6 gnd Geldpolitik (DE-588)4019902-2 gnd Geld (DE-588)4019889-3 gnd |
| topic_facet | Crédit Masse monétaire Monnaie Politique monétaire Credit Monetary policy Money supply Geldmengenpolitik Geldtheorie Geldpolitik Geld Westliche Welt |
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