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Hicksian monetary economics and contemporary financial innovation
Authors:John N Smithin
Institution:York University , Ontario
Abstract:In the light of developments in financial markets the very foundations of monetary economics are being re-evaluated. This article assesses the implications of Hicks's arguments in the context of such developments. It is suggested that Hicks's more recent monetary theory, with its ‘neo-Wicksellian’ or ‘Radcliffian’ overtones has a great deal to offer.
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