Sawyer, M orcid.org/0000-0002-4565-5276 (2020) Endogenous money in an era of financialization. European Journal of Economics and Economic Policies: Intervention, 17 (3). pp. 356-366. ISSN 2052-7764
Abstract
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.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | This item is protected by copyright. This is a draft article. The final version is available in European Journal of Economics and Economic Policies: Intervention, published in 2020, Edward Elgar Publishing Ltd. https://doi.org/10.4337/ejeep.2020.0057 |
Keywords: | financialization; endogenous money; banks; securitization; shadow banks |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 24 Nov 2021 16:36 |
Last Modified: | 01 May 2022 00:38 |
Status: | Published |
Publisher: | Edward Elgar Publishing Ltd. |
Identification Number: | 10.4337/ejeep.2020.0057 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:180731 |