Keynes on monetary policy, finance and uncertainty : liquidity preference theory and the global financial crisis

書誌事項

Keynes on monetary policy, finance and uncertainty : liquidity preference theory and the global financial crisis

Jörg Bibow

(Routledge studies in the history of economics, 105)

Routledge, 2009

  • : hbk

大学図書館所蔵 件 / 39

この図書・雑誌をさがす

注記

Includes bibliographical references (p. [225]-244) and index

内容説明・目次

内容説明

This book provides a reassessment of Keynes' theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes' General Theory has remained underexplored and indeed widely misunderstood even among Keynes' followers and until today. The book elaborates on and extends Keynes' conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Joerg Bibow presents Keynes' liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes' theory of liquidity preference; with Hyman Minsky standing out for developing Keynes' vision of financial capitalism.

目次

1. The triumph of Keynesianism? The role of liquidity preference theory in Keynes' heresy 2. Some reflections on Keynes' "finance motive" for the demand for money 3. The loanable funds fallacy: exercises in the analysis of disequilibrium 4. On Keynesian theories of liquidity preference 5. On exogenous money and bank behavior: The Pandora's box kept shut in Keynes' theory of liquidity preference? 6. Keynes on central banking and the structure of monetary policy 7. The international monetary order and global finance: Keynes' vision and ideas 8. On what became of Keynes' vision at Bretton Woods and some recent issues in global finance 9. Taking liquidity preference theory seriously

「Nielsen BookData」 より

関連文献: 1件中  1-1を表示

詳細情報

ページトップへ