Passarella, MV (2014) Financialization and the monetary circuit : a macro-accounting approach. Review of Political Economy, 26 (1). 128 - 148. ISSN 0953-8259
Abstract
This paper aims to cross-breed the standard monetary circuit accounting model with elements from the Post-Keynesian literature. The goals are: (i) to analyse the implications of credit-based household consumption fed by capital asset inflation for the soundness of a pure credit-money economy of production; and (ii) to provide a more sophisticated description of the working of modern financial systems than the one grounded in the usual 'bank-based vs. market based' distinction.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) 2014 Taylor and Francis. This is an Accepted Manuscript of an article published by Taylor & Francis in Review of Political Economy on 19/03/14, available online: http://wwww.tandfonline.com/10.1080/09538259.2013.874195 |
Keywords: | Monetary theory of production; social accounting matrix; banks and financial markets |
Dates: |
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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: | 28 Oct 2014 16:25 |
Last Modified: | 20 Oct 2015 16:16 |
Published Version: | http://dx.doi.org/10.1080/09538259.2013.874195 |
Status: | Published |
Publisher: | Taylor & Francis (Routledge) |
Identification Number: | 10.1080/09538259.2013.874195 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:80854 |