A01=Rousseas
advanced monetary policy frameworks
Author_Rousseas
bank
banking sector regulation
Category=KCBM
central
credit
Credit Money Economy
economy
endogenous
Endogenous Money Supply
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Exogenous Money Supply
Federal Funds Rate
Federal Reserve
financial
financial innovation
Full Accommodation
Idle Balances
Income Deposits
Income Velocity
interest rate dynamics
liquidity preference
macroeconomic stabilization
monetary transmission mechanism
money
Money Supply
Neoclassical Keynesian
Neoclassical Marginal Productivity Theory
Nominal GNP.
Nominal Income
Nonbank Firms
Permanent Incomes Policy
policy
Ponzi Financing
Post Keynesian
Post Keynesian Monetary Theory
Radcliffe Committee
Reserve Proposal
Selective Credit Controls
supply
theory
Transactions Balances
Unit Prime Costs
Unused Overdrafts
Product details
- ISBN 9781563240829
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 31 Jul 1992
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
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During the past five years, crises in the US savings and loan industry, commercial banks, and other financial institutions have borne out the ideas that Rousseas expressed in the first edition. His main theme stresses the role of innovation in the financial sector of the economy and its implications for control of the money supply and credit, as well as the larger issue of macroeconomic policy. He holds a Post-Keynesian view of an elastic and endogenous money supply that is largely founded on the "general liquidity thesis" of the Radcliffe Committee. Indeed, the elasticity of the credit structure is even greater than the Radcliffe Committee originally claimed. Tables and charts are revised through 1990, and the text has been revised accordingly. An expanded preface to the revised edition makes this book very relevant to contemporary problems and policy.
