This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry …: An Integrated Approach to Credit, Money, Income, Production and Wealth, 2007) and the Theory of the Monetary Circuit to … effective intervention, exerting downward pressure on wages and household spending: austerity. -- circuit theory ; macroeconomic …

expanding the analytical breadth of the theory of endogenous money. The authors open new avenues for monetary research in order … the construction of a general, policy oriented theory of money, this thought-provoking collection will appeal to academics …

recent advances in the theory and modelling of international finance. It includes some discussion of the empirical testing of …

This textbook presents all major topics in international monetary theory, foreign exchange markets, international … understanding of the theory and refine the framework. This third edition of the book incorporates three new chapters, and most of …