Credit, Interest Rates and the Open Economy: Essays on Horizontalism - Image 1

£123.00

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

Name: Credit, Interest Rates and the Open Economy: Essays on Horizontalism
Brand: Edward Elgar Publishing
Price: 118.0 GBP
Availability: InStock

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Description

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.

Product Specifications

Brand: Edward Elgar Publishing
Format: hardcover
ASIN: 1840640987
Category: Books > Subjects > Business, Finance & Law > Economics > Macroeconomics
Domain: Amazon UK
Release Date: 20 December 2000
Listed Since: 16 December 2006

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

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