ABSTRACT

This edited collection seeks to advance thinking on money and the monetary nature of the economy, macroeconomic analysis and economic policy, setting it within the context of current scholarship and global socioeconomic concerns, and the crisis in the economics discipline. A key aim is to highlight the central contribution that Sheila Dow has made to these fields.

Bringing together an impressive panel of contributors, this volume explores topics including central bank independence, liquidity preferences, money supply endogeneity, financial regulation, regional finance and public debt.

The essays in this first collection of two will be thought-provoking reading for advanced students and scholars of macroeconomics, monetary economics, central banking and heterodox economics. Contributors have a broad range of professional experience at universities, central banks, business, development institutions and policy advisories.

chapter |8 pages

Introduction

chapter 1|17 pages

Macroprudential institutionalism

The Bank of England's Financial Policy Committee and the contemporary limits of central bank policy

chapter 2|9 pages

Central Bank independence

Are the glory days over?

chapter 7|16 pages

Payment vs. funding

The law of reflux for today

chapter 11|15 pages

The rising importance of liquidity-premium analysis

Towards a regeneration of liquidity-preference theory?

chapter 12|12 pages

“Regional finance”

Beyond theory and dualism

chapter 13|14 pages

Money in the early years of the Soviet Union

Barter and back again – a short-lived experiment of transformation