【资料名称】：Money, Financial Instability And Stabilization Policy
【资料作者】：L. Randall Wray
【出版社】：    Edward Elgar Publishing
【简介及目录】：

Product Details

• Hardcover: 269 pages
• Publisher: Edward Elgar Pub (Oct 30 2006)
• Language: English
• ISBN-10: 1845424743

Product Description
Money, Financial Instability and Stabilization Policy consistsoforiginal articles by leading post Keynesians, Kaleckians andotherheterodox economists from the developed and developing world.

Post Keynesian literature has long been associated with the studyofmoney, financial markets and financial instability. Indeed, thisisperhaps the area to which post Keynesians have made thegreatestcontributions. Thecontributors to this volume present an overview ofthe latest researchon monetary theory and policy, financial markets,and financialinstability coming out of the post Keynesian school ofthought. Theyprovide an indication of the wide-ranging interests andof the trulyinternational scope of post Keynesian research. The firsthalf of thevolume is theoretical, while the second half includespapers that areeither empirical or more focused on specific concerns.

Thisvolume presents the latest research into money, financial markets, andfinancial stability—areas that have long been of interest to PostKeynesians and to which they have made significant  contributions.                       

The papers were presented at the 8th International Post KeynesianWorkshop in 2004 and illustrate the broad scope of Post Keynesianinterests and research. Topics include: the evolution of theinternational financial system since the breakdown of Bretton Woods;the deficiencies of macroeconomic models in their treatment of moneyand the role of government; a critique of the standard policy ofraising interest rates to contain inflation; the ‘confidence’ strategyversus the ‘credibility’ strategy of post-war monetary policy; thelinks between Post Keynesian research and the original Institutionaleconomics associated with Veblen; today’s capitalist economy as afinancial bubble, where much of savings and debt is used to purchasefinancial assets rather than invest in productive capacity; theexistence of unit roots as supportive of Keynesian theory; theoligopsonistic power possessed by Mexican commercial banks in theirdomestic-deposit market; a critique of the shington Consensus approachto macroeconomic policy and development; the role of equity financein the ‘Tequila’ crisis recovery of the 1990s; and the evolution of thefinancial system in  new EU member states such as the Czech Republic,Hungary, and the Baltic states.

This book will find an appreciative audience in economists generallyaswell as post Keynesian, other heterodox economists andmacroeconomistsspecifically.

Table of Contents
Contributors vii
Preface ix
Introduction
1. Negative net resource transfers as a Minskyian hedge profile and the stability of the international financial system 11 Jan A. Kregel
2. Monetary and social relationships 22 Charles A.E. Goodhart
3. System dynamics of interest rate effects on aggregate demand 37 Linwood Tauheed and L. Randall Wray
4. Credibility versus confidence in monetary policy 58 Edwin le Heron and Emmanuel Carre
5. Understandingthe link among uncertainty, instability and institutions, and the needfor stabilization policies: towards a synthesis between Post Keynesianand Institutional Economics 85 Slim Thabet
6. Saving, asset-price inflation and debt-induced deflation 104 Michael Hudson
7. Unit roots in macroeconomic time series and stabilization policies: a Post-Keynesian interpretation 125 Gilberto A. Libanio
8. Mark-up determinants and effectiveness of open market operations in an oligopsonistic banking sector: the Mexican case 141 Noemi Levy and Guadalupe Mantey
9 The Washington Consensus and (non-)development 171 Hansjorg Herr and Jan Priewe
10 Competition, low profit margin, low inflation and economic stagnation 192 Arturo Huerta
11 Foundering after floating? Exchange rate management and the Mexican stock market, 1995-2001 208 Jesús Muñoz and P. Nicholas Snowden
12 The evolution of financial systems: the development of the new member states of the European Union 231 Elisabeth Springler
Index