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Appears in Collections:Economics Journal Articles
Title: Liquidity Preference in International Finance: The Case of Developing Countries
Author(s): Dow, Sheila
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Issue Date: 1995
Date Deposited: 6-Dec-2017
Citation: Dow S (1995) Liquidity Preference in International Finance: The Case of Developing Countries. In: Wells P (ed.) Post-Keynesian Economic Theory. Recent Economic Thought Series, 45. Dordrecht: Kluwer Academic Press, pp. 1-15.
Series/Report no.: Recent Economic Thought Series, 45
Abstract: Keynes's monetary theory isbased on the view that money is fundamentally nonneutral. Money is an institution integral to the capitalist process, and monetary developments are part of the process that determines output and employment. Keynes's theory has been developed to apply to modern conditions by Post-Keynesian monetary theory (see Davidson, 1972; Minsky 1985; and Wray, 1990).
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