The State, the Market, and the Euro

Released on by Stephanie Kelton
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  • The State, the Market, and the Euro Book Detail

  • Author : Stephanie Kelton
  • Release Date : 2003
  • Publisher : Edward Elgar Publishing
  • Genre : Business & Economics
  • Pages : 232
  • ISBN 13 :
  • File Size : 71,71 MB
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The State, the Market, and the Euro by Stephanie Kelton PDF Summary

Book Description: Is the theory of money that underlies most modern macroeconomics well-grounded? What determines the value of a currency, and how is the state's power over its currency related to its ability to stabilize prices and employment? Charles Goodhart's classic paper 'The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas' which first raised these questions is reprinted here, and the distinguished authors expand its line of argument and comment on its central themes. The issues discussed are of fundamental importance in contemporary monetary theory and policy. The State, the Market and the Euro presents two sharply contrasting theories of money - Chartalist and Metallist - and the resulting equally sharply contrasting approaches to macroeconomic policy. Academic monetary, financial and political economists will find this book of great interest as will policymakers, financial analysts and journalists.

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The State, the Market, and the Euro

The State, the Market, and the Euro

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Is the theory of money that underlies most modern macroeconomics well-grounded? What determines the value of a currency, and how is the state's power over its c

Constructing a European Market

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Efforts to tackle the trade impeding effects of divergent standards and regulations are at the core of European economic relations. This volume draws on literat