Keynes on Monetary Policy, Finance and Uncertainty: Liquidity Preference Theory and the Global Financial Crisis

ISBN-13: 9780415616478 / Angielski / Miękka / 2011 / 272 str.

Jorg Bibow

Opis

A reassessment of Keynes' theory of liquidity preference. The author expands and elaborates on Keynes' conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events in global finance.

Spis treści

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

O autorze

Jorg Bibow is Associate Professor of Economics at Skidmore College, New York, USA and Research Associate at the Levy Economics Institute of Bard College, Annandale-on-Hudson, New York, USA