THE TREATMENT OF MONEY IN REGIONAL ECONOMICS
调查区域货币理论，基于后凯恩斯主义探讨金融市场的区域分割，发现区域信贷可得性更取决于对区域经济的信心，信心不足会导致流动性短缺，且国家银行体系越一体化，这种短缺越严重。
ABSTRACT. A survey of regional monetary theory suggests a regional segmentation of financial markets on the basis of differences in portfolio preference, or market imperfections. These possibilities are explored here using post‐Keynesian monetary theory. It is concluded that the availability of credit to a region depends more on the (potentially volatile) degree of confidence in the regional economy. The amount of liquidity thus generated depends on the propensity for capital flight due to liquidity preference. The resulting tendency for regions attracting low degrees of confidence to experience liquidity shortage will be greater the more integrated the national banking system.