Endogenous money in an era of financialization

The paper opens with a consideration of the historical developments on the nature and features of money and endogenous money, and the post-Keynesian revival of ideas of endogenous money. Particular attention is drawn to the work of Basil Moore in relation to endogenous money, including the location...

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Veröffentlicht in:European journal of economics and economic policies 2020-11, Vol.17 (3), p.356-366
1. Verfasser: Sawyer, Malcolm
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description The paper opens with a consideration of the historical developments on the nature and features of money and endogenous money, and the post-Keynesian revival of ideas of endogenous money. Particular attention is drawn to the work of Basil Moore in relation to endogenous money, including the location of that analysis with commercial banks (some of whose liabilities are transferable and widely accepted as a means of payment) and the post-Keynesian-inspired revival of endogenous money. There is a brief outline of the aspects of financialization since the late 1970s which have relevance for the analysis of banks and money. Some thoughts are offered on the impact which those changes of the financial system have for the analysis of banks and of money.
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ispartof European journal of economics and economic policies, 2020-11, Vol.17 (3), p.356-366
issn 2052-7772
2052-7764
2052-7772
language eng
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source PAIS Index; Alma/SFX Local Collection
subjects Asset acquisitions
Bank deposits
Banking
Banking industry
banks
Central banks
Clearing banks
Commercial banks
Endogenous
endogenous money
Expenditures
Financial systems
financialization
Interest rates
Investments
Keynesian theory
Loans
Monetary policy
Money
Post-Keynesianism
securitization
shadow banks
title Endogenous money in an era of financialization
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