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Is a Plumber or a New Financial Architect Needed to End global International Liquidity Problems? Read chapter Read first chapter

2007 | OriginalPaper | Chapter

LDCs, Institutions, and Money: A Response to Danby

Author : Paul Davidson

Published in: Interpreting Keynes for the 21st Century

Publisher: Palgrave Macmillan UK

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Danby makes several important comments on (1) the use of contracts and money in general, and (2) the question of internal liquidity in an open economy with flexible exchange rates and free convertibility, using Mexico as an example. Let’s take each in turn.

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previous chapter Liquidity vs. Efficiency in Liberalized International Financial Markets: A Warning to Developing Economies
next chapter Dollarization, the Functions of a Central Bank, and the Ecuadorean Economy
Metadata
Title
LDCs, Institutions, and Money: A Response to Danby
Author
Paul Davidson
Copyright Year
2007
Publisher
Palgrave Macmillan UK
Book
Interpreting Keynes for the 21st Century

Print ISBN: 978-1-349-35594-5

Electronic ISBN: 978-0-230-28655-9

Copyright Year: 2007

DOI
https://doi.org/10.1057/9780230286559_9