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Money, Financial Institutions and Macroeconomics

  • Book
  • © 1997

Overview

Editors:
  1. Avi J. Cohen

    1. York University, Canada

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  2. Harald Hagemann

    1. University of Hohenheim, Germany

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    You can also search for this editor in PubMed   Google Scholar

  3. John Smithin

    1. York University, Canada

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

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Table of contents (18 chapters)

  1. Monetary Policy Issues in Europe

    1. Credibility, Reputation, and the Instability of the EMS

      • H.-Peter Spahn
      Pages 235-251

    2. Competition and the Future of the European Banking and Financial System

      • Victoria Chick, Sheila C. Dow
      Pages 253-270

    3. The Monetary Shock of German Unification

      • Hans-Hermann Francke, Harald Nitsch
      Pages 271-290

  2. Back Matter

    Pages 291-298
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Keywords

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.'

Editors and Affiliations

  • York University, Canada

    Avi J. Cohen, John Smithin

  • University of Hohenheim, Germany

    Harald Hagemann

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