Handbook Chapter
In Handbook of Critical Issues in Finance
Edited by Jan Toporowski and Jo Michell
- Published in print:
- 31 Oct 2012
Noemi Levy Orlik
Monograph Chapter
In Employment, Growth and Development
Edited by Claude Gnos, Louis-Philippe Rochon and Domenica Tropeano
- Published in print:
- 31 May 2012
Noemi Levy-Orlik
Monograph Chapter
In Monetary Policy and Central Banking
Edited by Louis-Philippe Rochon and Salewa ‘Yinka Olawoye
- Published in print:
- 30 Jul 2012
Noemi Levy-Orlik
Monograph Chapter
In Keynes’s General Theory for Today
Edited by Jesper Jespersen and Mogens Ove Madsen
- Published in print:
- 28 Dec 2012
Noemi Levy-Orlik
The assumption that money can disturb economic activity has gained consensus across different schools of economic thought, but there remain differences in terms of the channels through which this occurs. Many economists consider that central banks can only set their rate of interest and are unable to control the money supply, thereby debt originates money, which has become structurally endogenous. This chapter analyses different heterodox approaches, highlighting the discussion on money creation and destruction, and explaining how this applies to developing economies, where demand for investment expenditure is limited and exchange rates have become increasingly important. The analysis focuses on the Mexican economy in the 1980–2007 period, just before the global financial crisis burst.
Monograph Chapter
In Advances in Endogenous Money Analysis
Edited by Louis-Philippe Rochon and Sergio Rossi
- Published in print:
- 27 Oct 2017
