Finance Constraints And The Theory Of Money
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Finance Constraints And The Theory Of Money
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Author : S. C. Tsiang
language : en
Publisher: Academic Press
Release Date : 2014-05-10
Finance Constraints And The Theory Of Money written by S. C. Tsiang and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.
Finance Constraints and the Theory of Money: Selected Papers gathers together the work of S. C. Tsiang, one of the most cogent critics of the Keynesian stock approach to money in all its forms and one of the foremost champions of the flow approach. Tsiang's papers focus on finance constraints and the theory of money, tackling topics such as the role of money in trade-balance stability and the monetary theoretic foundation of the modern monetary approach to the balance of payments, as well as the diffusion of reserves and the money supply multiplier. Comprised of 17 chapters, this volume begins by providing a background to the development of Tsiang's thinking on monetary theory and why he objected to the Keynesian stock equilibrium approach to money. The reader is then introduced to speculation and income stability; misconceptions in monetary theory and their influences on financial and banking practices; and liquidity preference in general equilibrium analysis. Subsequent chapters deal with the optimum supply of money; the total inadequacy of "Keynesian" balance of payments theory; and the rationale of the mean-standard deviation analysis, skewness preference, and the demand for money. This book will be a useful resource for practitioners interested in economic theory, econometrics, and mathematical economics.
Finance Constraints And The Theory Of Money
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Author : Sho-chieh Tsiang
language : en
Publisher:
Release Date : 1989-01-01
Finance Constraints And The Theory Of Money written by Sho-chieh Tsiang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-01-01 with Business & Economics categories.
Finance Constraints Expectations And Macroeconomics
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Author : Meir G. Kohn
language : en
Publisher: Oxford [Oxfordshire] : Clarendon Press ; New York : Oxford University Press
Release Date : 1988
Finance Constraints Expectations And Macroeconomics written by Meir G. Kohn and has been published by Oxford [Oxfordshire] : Clarendon Press ; New York : Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
The incompleteness of financial markets and the existence of finance constraints provide an explanation for the sort of coordination problem that afflicts real-world economies, but is absent from simplistic New Classical models. Providing an understanding of monetary and macroeconomic issues in terms of "imperfections," leading economic theorists--including Hicks, Greenwald, Stiglitz, and Aoki--here examine an important new area of macroeconomic theory--the implications of the finance-constraint approach to monetary theory.
The Finance Constraint Theory Of Money
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Author : Meir Kohn
language : en
Publisher:
Release Date : 1999
The Finance Constraint Theory Of Money written by Meir Kohn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
The theory of money that emerged from the Keynesian Revolution is coming increasingly into question, and a variety of new theories are being put forward as alternatives. The most promising is one I will call the finance constraint theory. This paper is a progress report on its development. It is particularly fitting that this progress report appear in a 'festschrift' for S.C. Tsiang, as he has been one of the most cogent critics of the conventional theory and a major architect of the finance constraint alternative. The issues a theory of money should address may be divided into three broad areas: (1) What is money and how is it special? (2) What is the connection between money and its various "prices" (the general price level, interest rates, and exchange rates)? (3) What is the role of money in economic fluctuations? After some introductory material, each of these areas will be taken up in turn.
The Flow Of Funds In Theory And Practice
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Author : J. Cohen
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Flow Of Funds In Theory And Practice written by J. Cohen and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The central emphasis in the book is on the transaction and the constraints that its architecture imposes on a discussion of monetary theory and policy. Because of their comprehensiveness and discipline the flow-of-funds accounts are the ideal vehicle for theorizing about real and financial interaction. Such int- action can best be understood when real and financial transac tions are expressed in a common flow dimension. Each decision by economic agents is seen as two-ended in terms of markets: one market supplies the source of funds and the second market absorbs these funds. A matrix of interdependent markets is featured throughout the theoretical discussion. Credit markets, and the bank credit market in particular, become the source of disturbance in the theoretical model, but the necessary involve ment of the money market is also stressed. Theories of finan cial instability and crisis now receiving considerable attention are part of the more general theory of the flow of funds. The rationale for the monetary authority to target credit rather than the monetary aggregates emerges from the analytical discus sion. A flow-constrained analysis clarifies interest-rate deter mination, provides a helpful format for discussing equilibrium and disequilibrium, integrates credit markets with the familiar IS-LM framework, and identifies a class of missing equations in macro-monetary theory. The prototype of the missing equations is an equation explaining monetary dissaving in terms of a series of arguments only one of which will be the stock of real balances or real wealth.
The Finance Constraint Theory Of Money
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Author : Meir G. Kohn
language : en
Publisher:
Release Date : 1988
The Finance Constraint Theory Of Money written by Meir G. Kohn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Distribution (Economic theory) categories.
The Theory Of Money And Finance
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Author : Richard Coghlan
language : en
Publisher: London : Macmillan
Release Date : 1980
The Theory Of Money And Finance written by Richard Coghlan and has been published by London : Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.
Capital Accumulation And Money
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Author : L.D. Taylor
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Capital Accumulation And Money written by L.D. Taylor and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Business & Economics categories.
Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital. A root concept of capital is developed which allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth. Specifically, it is shown that a conservation principle emerges that both implies and imposes a variety of constraints on the macro behavior of an economy, constraints which make for straightforward understanding and analysis of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development.
The Theory Of Money And Financial Institutions
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Author : Martin Shubik
language : en
Publisher: MIT Press (MA)
Release Date : 1999
The Theory Of Money And Financial Institutions written by Martin Shubik and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Financial institutions categories.
The third and last volume of a work aimed at providing the theoretical underpinnings for an economic dynamics.
Money In A Theory Of Finance
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Author : John G. Gurley
language : en
Publisher: Brookings Institution Press
Release Date : 1960
Money In A Theory Of Finance written by John G. Gurley and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Business & Economics categories.