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The Evolution of the Banking System and the Theory of Monetary Policy

  • Victoria Chick

Abstract

Stephen Frowen has set a most difficult task for this book: to predict the scope, method and means of operation of monetary policy in the 1990s. The European Community (EC) faces a most uncertain decade: the 1990s promise the integration of markets and there is much talk of a common currency. What might these developments presage for monetary policy?

Keywords

Interest Rate Monetary Policy Central Bank Banking System Money Supply 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Bagehot, W. (1873) Lombart Street: A Description of the Money Market, 14th edn. (London: J. Murray, 1915).Google Scholar
  2. Chick, V. (1984) ‘Monetary Increases and their Consequences: Streams, Backwaters and Floods’, in A. Ingham and A. M. Ulph, (eds), Demand, Equilibrium and Trade: Essays in Honour of I, F. Pearce (London: Macmiilan);Google Scholar
  3. reprinted in V. Chick, On Money. Method and Keynes: Selected Essays (edited by P. Arestis and S. C. Dow) (London: Macmillan, 1992) pp. 167–80.CrossRefGoogle Scholar
  4. Chick, V. (1986) ‘The Evolution of the Banking System and the Theory of Saving, Investment, and Interest’, Economies et Sociétés, Cahiers de l’IS-MEA (Paris), Serie Monnaie et Production, no. 3; reprinted in V. Chick On Money, Method and Keynes, op. cit., pp. 193–205.Google Scholar
  5. Chick, V. and S. C. Dow (1988) ‘A Post Keynesian Perspective on the Relation between Banking and Regional Development’, in P. Arestis (ed.), Post Keynesian Monetary Theory: New Directions in Financial Modelling (Aldershot, Hants: Edward Elgar).Google Scholar
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  7. Gardener, E. P. M., (1988), ‘Innovation and New Structural Frontiers in Banking’, in P. Arestis (ed.), Contemporary Issues in Money and Banking: Essays in Honour of Stephen Frowen (London Macmillan) pp. 7–29.Google Scholar
  8. Goodhart, C. (1987) ‘Why Do Banks Need a Central Bank?’, Oxford Economic Papers, vol. 39, pp. 79–89.Google Scholar
  9. Hicks, J. R. (1967) ‘Monetary Theory and History — An Attempt at Perspective’, in J. R. Hicks, Critical Essays in Monetary Theory (Oxford: The Clarendon Press).Google Scholar
  10. Keynes, J. M. (1936) The General Theory of Employment, Interest and Money (London: Macmillan).Google Scholar

Copyright information

© Stephen F. Frowen 1993

Authors and Affiliations

  • Victoria Chick

There are no affiliations available

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