1.

Record Nr.

UNINA9910971058103321

Autore

Bibow Jörg

Titolo

Keynes on monetary policy, finance and uncertainty : liquidity preference theory and the global financial crisis / / Jörg Bibow

Pubbl/distr/stampa

Abingdon, Oxon ; ; New York, : Routledge, 2009

ISBN

0-203-17053-9

1-4416-1929-1

Edizione

[1st ed.]

Descrizione fisica

1 online resource (262 p.)

Collana

Routledge Studies in the History of Economics

Disciplina

339.5

Soggetti

Global Financial Crisis, 2008-2009

Liquidity (Economics)

Keynesian economics

Monetary policy

Financial crises

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Book Cover; Title; Copyright; Contents; Figures; 1 The triumph of Keynesianism?: The key 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' ideas and global vision8 On what became of Keynes' vision at Bretton Woods and some recent issues in global finance; 9 Taking liquidity preference theory seriously; Notes; Bibliography; Index

Sommario/riassunto

This book provides a reassessment of Keynes' theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes' General Theory has remained underexplored and indeed widely misunderstood even among Keynes' followers and until today. The



book elaborates on and extends Keynes' conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and promine