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

by Louis-Philippe Rochon, Matias Vernengo
Credit, Interest Rates and the Open Economy: Essays on Horizontalism
ISBN 1840640987
  • Author:
    Louis-Philippe Rochon, Matias Vernengo
  • Title:
    Credit, Interest Rates and the Open Economy: Essays on Horizontalism
  • Category:
  • ISBN13:
    978-1840640984
  • Size PDF version
    1647 kb
  • Size EPUB version
    1259 kb
  • Rating:
    4.4
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    397
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    fb2, pdf, azf, odf, lit, ibooks, mobi, epub, cb7
Twelve contributions from international scholars of economics discuss the theory of money endogeneity, or "horizontalism." 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. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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