Money, Financial Institutions and Macroeconomics

  • Avi J. Cohen
  • Harald Hagemann
  • John Smithin

Part of the Recent Economic Thought Series book series (RETH, volume 53)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. The Theory of a Monetary and Credit Economy

  3. Alternative Views on Money and Credit

    1. Front Matter
      Pages 83-83
    2. Gilles Dostaler
      Pages 85-100
    3. Mario Seccareccia
      Pages 125-139
    4. Brenda Spotton
      Pages 141-153
  4. Monetary Policy Issues in North America

    1. Front Matter
      Pages 155-155
    2. David I. Fand
      Pages 175-190
    3. David Laidler
      Pages 191-201
    4. L. Randall Wray
      Pages 203-217
  5. Monetary Policy Issues in Europe

    1. Front Matter
      Pages 219-219
    2. Philip Arestis, Malcolm Sawyer
      Pages 221-234
    3. Hans-Hermann Francke, Harald Nitsch
      Pages 271-290
  6. Back Matter
    Pages 291-298

About this book


Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The main emphasis is on views stressing the importance of credit creation in the monetary process, in a tradition which arguably encompasses Wicksell, the later Swedes and the Austrians, through the later Hicks, the circuit school and contemporary post-Keynesians. In addition, however, there are distinguished contributions from economists with a more `mainstream' approach to the issues.
The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy; Part II explores alternative views on money and credit; Part III deals with monetary policy issues in North America; and Part IV discusses monetary policy issues in Europe.
`Taken together, the contributions to this volume certainly bear out Hick's famous adage about the much closer relationship between `monetary theory' and `monetary history' than is the case in other branches of economic thought.'


Deflation Funds Keynes banking monetarism monetary economics monetary policy monetary theory

Editors and affiliations

  • Avi J. Cohen
    • 1
  • Harald Hagemann
    • 2
  • John Smithin
    • 1
  1. 1.York UniversityCanada
  2. 2.University of HohenheimGermany

Bibliographic information

  • DOI
  • Copyright Information Kluwer Academic Publishers 1997
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-6254-1
  • Online ISBN 978-94-011-5362-1
  • Series Print ISSN 0924-199X
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking