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Credit, Interest Rates and the Open Economy - Essays on Horizontalism (Hardcover) Loot Price: R2,318
Discovery Miles 23 180
Credit, Interest Rates and the Open Economy - Essays on Horizontalism (Hardcover): Louis-Philippe Rochon, Matias Vernengo

Credit, Interest Rates and the Open Economy - Essays on Horizontalism (Hardcover)

Louis-Philippe Rochon, Matias Vernengo

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Loot Price R2,318 Discovery Miles 23 180 | Repayment Terms: R215 pm x 12*

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The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The authors compare and contrast the horizontalist position with various orthodox and non-orthodox views on money. They argue that horizontalism is perfectly compatible with liquidity preference, credit constraints, and a flexible interest-rate mark-up, and address recent developments in banking that reinforce the validity of a horizontal schedule of credit-money. The overall intention is to place horizontalism within the current heterodox tradition as a general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy. Credit, Interest Rates and the Open Economy is essential reading for those who wish to expand their theoretical understanding of international financial issues and will be of great interest to those involved in macroeconomics, money and banking and radical economics.

General

Imprint: Edward Elgar Publishing Ltd
Country of origin: United Kingdom
Release date: December 2000
Editors: Louis-Philippe Rochon • Matias Vernengo
Dimensions: 156 x 234mm (L x W)
Format: Hardcover
Pages: 296
ISBN-13: 978-1-84064-098-4
Categories: Books > Business & Economics > Economics
Books > Business & Economics > Finance & accounting
Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Macroeconomics
Books > Business & Economics > Finance & accounting > Finance
Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Finance & accounting > Finance > Banking
Books > Money & Finance > Banking
Promotions
Books > Business & Economics > Promotions
LSN: 1-84064-098-7
Barcode: 9781840640984

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