Endogenous money, central banks and the banking system: Basil Moore and the supply of credit

Complexity, Endogenous Money and Macroeconomic Theory: Essays in Honour of Basil J. Moore

Volumn , Issue , 2006, Pages 170-186

  Louis Philippe, Rochon ^a  

^a LAURENTIAN UNIVERSITY   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84881672082     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (41)

1. Bernanke, B. and C. Lown (1991) ‘The Credit Crunch’, Brookings Papers on Economic Activity, 2, 205-39.
2. Cottrell, A. (1988) ‘The Endogeneity of Money: A Reply’, Scottish Journal of Political Economy, 35(3) (August), 295-7.
3. Cottrell, A. (1994) ‘Post-Keynesian Monetary Theory’, Cambridge Journal of Economics, 18(6) (December), 587-605.
4. Crotty, J. (1996) ‘Is New Keynesian Investment Theory Really “Keynesian”? Reflections on Fazzari and Variato’, Journal of Post Keynesian Economics, 18(3) (Spring), 333-57.
5. Dow, A.C. and S.C. Dow (1989) ‘Endogenous Money Creation and Idle Balances’, in J. Pheby (ed.), New Directions in Post-Keynesian Economics, Aldershot, UK and Brookfield, USA: Edward Elgar.
6. Dow, S. (1996) ‘Horizontalism: A Critique’, Cambridge Journal of Economics, 20, 497-508.
7. Eichner, A. (1987) The Macrodynamics of Advanced Market Economies, Armonk, NY: M.E. Sharpe.
8. Howells, P.G.A. (1995) ‘The Demand for Endogenous Money’, Journal of Post Keynesian Economics, 18(1) Fall, 89-106.
9. Kaldor, N. (1981) Origins of the New Monetarism, Cardiff: University College Cardiff Press.
10. Keynes, J.M. (1971a) The Collected Writings of John Maynard Keynes. Volume v: A Treatise on Money. The Pure Theory of Money, D. Moggridge (ed.), London: Macmillan and Cambridge University Press.
11. Keynes, J.M. (1971b) The Collected Writings of John Maynard Keynes. Volume vi: A Treatise on Money. The Applied Theory of Money, D. Moggridge (ed.), London: Macmillan and Cambridge University Press.
12. Keynes, J.M. (1973) The Collected Writings of John Maynard Keynes. Volume vii: The General Theory of Employment, Money and Interest, D. Moggridge (ed.), London: Macmillan and St Martin’s Press.
13. King, J. (2002) A History of Post Keynesian Economics since 1936, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
14. Lavoie, M. (1984) ‘Un modèle post-keynésien d’économie monétaire fondé sur la théorie du circuit’, Économies et Sociétés, 18(2), 233-58.
15. Lavoie, M. (1992) Foundations of Post-Keynesian Economic Analysis, Aldershot, UK and Brookfield, USA: Edward Elgar.
16. Lavoie, M. (1993) ‘A Post-Classical View of Money, Interest, Growth and Distribution’, in G. Mongiovi and C. Rühl (eds), Macroeconomic Theory: Diversity and Convergence, Aldershot, UK and Brookfield, USA: Edward Elgar.
17. Lavoie, M. (1996) ‘The Endogenous Supply of Credit - Money, Liquidity Preference and the Principle of Increasing Risk: Horizontalism versus the Loanable Funds Approach’, Scottish Journal of Political Economy, 43(3) (August), 275-300.
18. Lavoie, M. (2006) ‘A Post-Keynesian Amendment to the New Consensus on Monetary Policy’, Metroeconomica, 57, May.
19. Minsky, H. (1996) ‘The Essential Characteristics of Post Keynesian Economics’, in G. Deleplace and E. Nell (eds), Money in Motion: The Post Keynesian and Circulation Approaches, London: Macmillan, pp 70-88.
20. Moore, B. (1979) ‘Monetary Factors’, in A. Eichner (ed.), A Guide to Post Keynesian Economics, White Plains, NY: M.E. Sharpe.
21. Moore, B. (1985) ‘Contemporaneous Reserve Accounting: Can Reserves be Quantity Constrained?’, Journal of Post Keynesian Economics, 7(1) (Fall), 103-13.
22. Moore, B. (1988) Horizontalists and Verticalists: The Macroeconomics of Credit Money, Cambridge: Cambridge University Press.
23. Moore, B. (1989) ‘A Simple Model of Bank Intermediation’, Journal of Post Keynesian Economics, 12(1) (Fall), 10-28.
24. Moore, B. (1994), ‘The Demise of the Keynesian Multiplier: A Reply to Cottrell’, Journal of Post Keynesian Economics, 17(1) (Fall), 121-33.
25. Moore, B. (1995) ‘The Exogeneity of Short-Term Interest Rates: A Reply to Wray’, Journal of Economic Issues, 29(1) (March), 258-66.
26. Moore, B. (1996) ‘The Money Supply Process: A Historical Reinterpretation’, in E. Nell and G. Deleplace (eds), Money in Motion, London: Macmillan.
27. Moore, B. (2006) Shaking the Invisible Hand: Complexity, Endogenous Money and Exogenous Interest Rates, London and New York: Palgrave Macmillan.
28. Palley, T. (1991) ‘The Endogenous Money Supply: Consensus and Disagreement’, Journal of Post Keynesian Economics, 13(3) (Spring), 397-403.
29. Palley, T. (1994) ‘Competing Views of the Money Supply Process: Theory and Evidence’, Metroeconomica, 45(1), 67-88.
30. Pollin, R. (1991) ‘Two Theories of Money Supply Endogeneity: Some Empirical Evidence’, Journal of Post Keynesian Economics, 13(3) (Spring), 366-95.
31. Robinson, J. (1952) The Rate of Interest and Other Essays, London: Macmillan.
32. Rochon, L.-P. (1999) Credit, Money and Production: An Alternative Post-Keynesian Approach, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
33. Rochon, L.-P. and S. Rossi (2004a) ‘Endogenous Money: The Evolutionary versus Revolutionary Views’, working paper.
34. Rochon, Louis-Philippe and Sergio Rossi (2004b) ‘Central Banking in the Monetary Circuit’, in Marc Lavoie and Mario Seccareccia (eds), Central Banking in the Modern World: Alternative Perspectives, Cheltenham, UK and Northampton, MA, USA: Edward Elgar, 144-63.
35. Rousseas, S. (1992), Post Keynesian Monetary Economics, 2nd edition, Armonk, NY: M.E. Sharpe.
36. Setterfield, M. (2004) Financial Fragility, Effective Demand and the Business Cycle’, Review of Political Economy, 16, 207-23.
37. Wolfson, M.H. (1996) ‘A Post Keynesian Theory of Credit Rationing’, Journal of Post Keynesian Economics, 18(3) (Spring), 443-70.
38. Wray, R. (1992a) ‘Commercial Banks, the Central Bank, and Endogenous Money’, Journal of Post Keynesian Economics, 14(3) (Spring), 297-310.
39. Wray, R. (1992b) ‘Alternative Approaches to Money and Interest Rates’, Journal of Economic Issues, 26(4) (December), 1145-78.
40. Wray, R. (1992c) ‘Minsky’s Financial Instability Hypothesis and the Endogeneity of Money’, in S. Fazzari and D. Papadimitriou (eds), Financial Conditions and Macroeconomic Performance: Essays in Honor of Hyman P. Minsky, Armonk, NY: M.E. Sharpe.
41. Wray, R. (1999) Understanding Modern Money: The Key to Full Employment and Price Stability, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.