Monetary Policy and Central Banking

New Directions in Post-Keynesian Theory

Häftad, Engelska, 2013

AvLouis-Philippe Rochon,Salewa ‘Yinka Olawoye

819 kr

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Has the economic and financial crisis changed the way we conduct monetary policy? Is quantitative easing consistent with the endogeneity of money? These are but two of the questions this new book explores. The various contributors offer interesting and new perspectives on the conduct of monetary policy during the crisis, and provide sharp criticism of central bank policies in the US and Europe. Divided into two parts, this book presents a detailed, multi-faceted analysis of banking and monetary policy. The first part examines the role of central banks within an endogenous money framework. These chapters address post-Keynesian interest rate policy, monetary mercantilism, financial market organization and developing economies. In the second part of the book, the focus switches to the analysis of the financial crisis that began in 2007. The chapters in this section discuss the role of central banks in times of crisis. Monetary Policy and Central Banking is a must read for all those interested in the critical analysis of monetary policy. Students and scholars of post-Keynesian economics, banking, and financial crises will find this book of particular relevance. Contributors: A. Asensio, J. Bibow, R. Dimand, R. Guttmann, E. Kam, R. Koehn, M. Lavoie, E. Le Heron, N. Levy-Orlik, W. Mosler, S. Olawoye, L.-P. Rochon, M. Seccareccia, M. Setterfield, J. Smithin, D. Tropeano, K. von Seekamm

Produktinformation

Utgivningsdatum2013-10-31
Mått156 x 234 x undefined mm
FormatHäftad
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781781954119

Tillhör följande kategorier

Finansiering inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap
Nationalekonomi inom Ekonomi och Ledarskap

Contents:IntroductionLouis-Philippe Rochon and Salewa ’Yinka OlawoyePART I: CENTRAL BANKING AND MONETARY POLICY1. Between the Cup and the Lip: On Post Keynesian Interest Rate Rules and Long-term Interest Rate ManagementAngel Asensio2. Stabilization Policy with an Endogenous Commercial Bank Mark Setterfield and Kurt von Seekamm3. Capitalism in One Country? A Re-examination of Mercantilist Systems from the Financial Point of ViewEric Kam and John Smithin4. Proposals for the Banking System, the FDIC, the Fed, and the TreasuryWarren Mosler5. Financial Market Organizations, Central Banks and Credits: The Experience of Developing EconomiesNoemi Levy-Orlik PART II: CENTRAL BANK POLICY IN TIMES OF CRISIS6. Financial Crisis, State of Confidence, and Economic Policies in a Post Keynesian Stock-flow Consistent ModelEdwin Le Heron7. Central Bank Responses to Financial Crises: Lenders of Last Resort in Interesting TimesRobert Dimand and Robert Koehn8. Central Banking in a Systemic Crisis: The Federal Reserve’s ‘Credit Easing’Robert Guttmann9. Monetary Policy in a Period of Financial Chaos: The Political Economy of the Bank of Canada in Extraordinary TimesMarc Lavoie and Mario Seccareccia10. The Euro and its Guardian of Stability: Fiction and Reality of the 10th Anniversary BlastJörg Bibow11. Quantitative Easing in the United States After the Crisis: Conflicting ViewsDomenica TropeanoIndex