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Exchange, speculation and interest in the General Theory model

Author

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  • João Sicsú

Abstract

This short chapter aims to make an adaptation to a small and financially integrated economy of the monetary / financial model presented by J. M. Keynes in his General Theory of Employment, interest and money. So, this has as a goal, particularly, to adapt the chapters 15 and 17 of the General Theory basically concerned to the speculative motivations to define the composition of the assets portfolio. JEL Classification: E12; E43; E41.

Suggested Citation

  • João Sicsú, 2008. "Exchange, speculation and interest in the General Theory model," Brazilian Journal of Political Economy, Center of Political Economy, vol. 28(3), pages 434-442.
    • Handle: RePEc:ekm:repojs:v:28:y:2008:i:3:p:434-442:id:535
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/535/533
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    More about this item

    Keywords

    interest and exchange rates; speculative motivation; Keynes’s General Theory;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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