Monetary Economics, Banking and Policy

Expanding Economic Thought to Meet Contemporary Challenges

Penelope Hawkins, Ioana Negru

• Publisher: Routledge
• Year: 2022
• Print ISBN:
  9780367695668
• eBook ISBN:
  9781000804898
• Topic: Economics
• Subtopic: Economic Theory
• Index: Economics

This edited collection seeks to advance thinking on money and the monetary nature of the economy, macroeconomic analysis and economic policy, setting it within the context of current scholarship and global socioeconomic concerns, and the crisis in the economics discipline. A key aim is to highlight the central contribution that Sheila Dow has made to these fields.

Bringing together an impressive panel of contributors, this volume explores topics including central bank independence, liquidity preferences, money supply endogeneity, financial regulation, regional finance and public debt.

The essays in this first collection of two will be thought-provoking reading for advanced students and scholars of macroeconomics, monetary economics, central banking and heterodox economics. Contributors have a broad range of professional experience at universities, central banks, business, development institutions and policy advisories.

Table of contents

• Cover
• Half Title
• Series Page
• Title Page
• Copyright Page
• Table of Contents
• Illustrations
• Contributors
• Foreword
• Acknowledgements
• Introduction
• 1 Macroprudential institutionalism: The Bank of England’s Financial Policy Committee and the contemporary limits of central bank policy
• 2 Central Bank independence: Are the glory days over?
• 3 The efficacy of monetary policy in an age of financialisation and climate change
• 4 Keynes on individual behaviour and the possibility of involuntary unemployment equilibrium
• 5 Keynes’s Chapter 2 definition of involuntary unemployment
• 6 What Keynes learned from Kalecki – a brief introduction to the fiscal theory of debt management
• 7 Payment vs. funding: The law of reflux for today
• 8 “Revolution and counter-revolution in UK banks’” asset composition since 1945, and why they matter to the debate about horizontalism
• 9 The endogeneity of the money supply in The General Theory
• 10 Liquidity preference and the digital financial inclusion illusion
• 11 The rising importance of liquidity-premium analysis: Towards a regeneration of liquidity-preference theory?
• 12 “Regional finance”: Beyond theory and dualism
• 13 Money in the early years of the Soviet Union: Barter and back again – a short-lived experiment of transformation
• 14 The practicality of pluralism in the economic analysis of the least developed countries
• 15 The body of work of Sheila Dow – publications from 1980 to 2022
• Index