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Credit, Interest Rates and the Open Economy
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Table of Contents

Contents: Preface: Anthony Thirlwall Introduction Part I: Setting the Record Straight 1. Some Reflections on Endogenous Money 2. Horizontalism Part II: Debates on Horizontalism 3. Money without Scarcity 4. Money Endogeneity and Monetary Non-Neutrality 5. Horizontalism and New Keynesian Economics Part III: Horizontalism and History of Thought Issues 6. The German Balance of Payments School and the Latin American Neo-Structuralists 7. Horizontalism and Inflation Accommodation 8. Notes on Hicks on Money and Monetary Theory 9. Bank Creation of Money and Endogenous Money Supply as the Outcome of the Evolution of the Banking System Part IV: Horizontalism and the Open Economy 10. The Reflux Mechanism and the Open Economy 11. Monetary Autonomy and Financial Integration 12. Foreign Exchange, Interest and Prices Index

About the Author

Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor of Review of Political Economy and Founding Editor Emeritus, Review of Keynesian Economics and Matias Vernengo, Full Professor, Bucknell University, US

Reviews

'This is a very pleasant volume on credit, interest rates, and the open economy. It would be useful to anyone interested in gaining knowledge of the major issues in the horizontalist interpretation of the endogenous money hypothesis.' -- Giuseppe Fontana, Eastern Economic Journal
'This book should be on the reading list of every graduate course in monetary economics. The distinguished contributors not only examine and discuss the nature of money and the conduct of monetary policy in a modern credit economy, but also take an historical perspective through the writings of Cassel, Wicksell, Sraffa and Hicks, as well as Keynes and Kaldor, and extend the theory of money endogeneity (or "horizontalism") to the open economy and economic growth. Interested readers have a feast before them.' -- A.P. Thirlwall, University of Kent at Canterbury, UK

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