Munich Personal RePEc Archive

The Excess Demand Theory of Money

Kehrwald, Bernie (2014): The Excess Demand Theory of Money.

WarningThere is a more recent version of this item available.

Download (418kB) | Preview


This paper introduces a new monetary theory that is compatible with the Keynesian liquidity preference theory, the neoclassical loanable funds theory and the Post Keynesian endogenous money theory. It is very suitable for introductory textbooks since it gives a correct understanding of modern monetary systems. It can further be used to explain a series of phenomena.

Available Versions of this Item

MPRA is a RePEc service hosted by
the Munich University Library in Germany.