Finance Constraints and the Theory of Money

PrefaceAcknowledgements 1. IntroductionSection I 2. A Note on Speculation and Income Stability 3. Liquidity Preference and Loanable Funds Theories, Multiplier and Velocity Analysis: A Synthesis 4. The Role of Money in Trade-Balance Stability: Synthesis of the Elasticity and Absorption Approaches 5. Fashions and Misconceptions in Monetary Theory and Their Influences on Financial and Banking PracticesSection II 6. Walras' Law, Say's Law and Liquidity Preference in General Equilibrium Analysis 7. The Monetary Theoretic Foundation of the Modern Monetary Approach to the Balance of Payments 8. The Total Inadequacy of "Keynesian" Balance of Payments Theory, or Rather That of "Walras' Law"? 9. The Flow Formulation of the Money Market Equilibrium for an Open Economy and the Determination of the Exchange RateSection III 10. The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference and the Demand for Money 11. The Diffusion of Reserves and the Money Supply Multiplier 12. Stock or Portfolio Approach to Monetary Theory and the Neo-Keynesian School of James TobinSection IV 13. Keynes' "Finance" Demand for Liquidity, Robertson's Loanable Funds Theory, and Friedman's Monetarism 14. A Critical Note on the Optimum Supply of MoneySection V 15. LF and LP 16. The Context of S. C. Tsiang's Monetary Economics 17. The Cash-in-Advance Constraint in International EconomicsAuthor IndexSubject IndexContents of Previous Volumes