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Credit, Interest Rates and the Open Economy: Essays on Horizontalism

Credit, Interest Rates and the Open Economy: Essays on Horizontalism (Hardback)

£87.00
To Order. Estimated despatch in 1-3 weeks.
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Synopsis

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.

BusinessEconomicsEconomic theory & philosophyBusinessEconomicsMacroeconomicsBusinessFinance & accountingFinanceBanking Publisher: Edward Elgar Publishing Ltd Publication Date: 25/01/2001 ISBN-13: 9781840640984  Details: Type: Hardback Format: Books
Availability: To Order. Estimated despatch in 1-3 weeks.  

Edited by Louis-Philippe Rochon, Full Professor of Economics, Laurentian University, Canada and Co-Editor, Review of Keynesian Economics and Matias Vernengo, Full Professor, Bucknell University, US

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