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Post Keynesian theory and evidence of money supply endogeneity: a review essay

Money is the life-blood of any modern market-oriented economy.The level of money supply - the quantity and velocity of money circulated in such an economy would determine its health. The central issue in managing the economy is to understand how money supply is determined.The history of modern monet...

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Main Authors: Nayan, Sabri, Kadir, Norsiah, Yusof, Abdul Hafiz, Mohamad Ali, Noor Azillah
Format: Article
Language:English
Published: Science and Education Centre of North America 2015
Subjects:
HG Finance
Online Access:http://repo.uum.edu.my/20441/1/JFE%203%204%202015%201%2010.pdf
http://repo.uum.edu.my/20441/
http://doi.org/10.12735/jfe.v3i4p01
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spelling my.uum.repo.204412016-12-26T02:25:28Z http://repo.uum.edu.my/20441/ Post Keynesian theory and evidence of money supply endogeneity: a review essay Nayan, Sabri Kadir, Norsiah Yusof, Abdul Hafiz Mohamad Ali, Noor Azillah HG Finance Money is the life-blood of any modern market-oriented economy.The level of money supply - the quantity and velocity of money circulated in such an economy would determine its health. The central issue in managing the economy is to understand how money supply is determined.The history of modern monetary economics actually has witnessed the emergence of two opposing views pertaining to the role of central bank in controlling the supply of money in an economy.A group of economists, known as monetarists, under the influence of Milton Friedman, contended that money supply in an economy is exogenously determined. Post Keynesian however holds the view that money supply is endogenously rather than exogenously determined. Examining the theory of endogenous money as well as empirical work, the present paper has found that money supply in several countries is endogenously determined. Science and Education Centre of North America 2015 Article PeerReviewed application/pdf en cc4_by http://repo.uum.edu.my/20441/1/JFE%203%204%202015%201%2010.pdf Nayan, Sabri and Kadir, Norsiah and Yusof, Abdul Hafiz and Mohamad Ali, Noor Azillah (2015) Post Keynesian theory and evidence of money supply endogeneity: a review essay. Journal of Finance and Economics, 3 (4). pp. 1-10. ISSN 2291-4951 http://doi.org/10.12735/jfe.v3i4p01 doi:10.12735/jfe.v3i4p01
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Nayan, Sabri
Kadir, Norsiah
Yusof, Abdul Hafiz
Mohamad Ali, Noor Azillah
Post Keynesian theory and evidence of money supply endogeneity: a review essay
description Money is the life-blood of any modern market-oriented economy.The level of money supply - the quantity and velocity of money circulated in such an economy would determine its health. The central issue in managing the economy is to understand how money supply is determined.The history of modern monetary economics actually has witnessed the emergence of two opposing views pertaining to the role of central bank in controlling the supply of money in an economy.A group of economists, known as monetarists, under the influence of Milton Friedman, contended that money supply in an economy is exogenously determined. Post Keynesian however holds the view that money supply is endogenously rather than exogenously determined. Examining the theory of endogenous money as well as empirical work, the present paper has found that money supply in several countries is endogenously determined.
format Article
author Nayan, Sabri
Kadir, Norsiah
Yusof, Abdul Hafiz
Mohamad Ali, Noor Azillah
author_facet Nayan, Sabri
Kadir, Norsiah
Yusof, Abdul Hafiz
Mohamad Ali, Noor Azillah
author_sort Nayan, Sabri
title Post Keynesian theory and evidence of money supply endogeneity: a review essay
title_short Post Keynesian theory and evidence of money supply endogeneity: a review essay
title_full Post Keynesian theory and evidence of money supply endogeneity: a review essay
title_fullStr Post Keynesian theory and evidence of money supply endogeneity: a review essay
title_full_unstemmed Post Keynesian theory and evidence of money supply endogeneity: a review essay
title_sort post keynesian theory and evidence of money supply endogeneity: a review essay
publisher Science and Education Centre of North America
publishDate 2015
url http://repo.uum.edu.my/20441/1/JFE%203%204%202015%201%2010.pdf
http://repo.uum.edu.my/20441/
http://doi.org/10.12735/jfe.v3i4p01
_version_ 1644282956094636032
score 13.211869

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