The Theory of Money and Finance, by the same author, provided an introduction to the basic theory and concluded by introducing the idea of monetary disequilibrium, with the money supply process operating through bank credit creation. First published in 1981, this book develops that theme and provides empirical evidence in support of such an approach.
1. Introduction 2. Money in Macroeconomic Models 3. A Dynamic Model in the Supply of Money 4. A Survey of UK Monetary Policy Since 1945 5. A Monetary Model of the Economy 6. Model Simulations and 1972 Estimates 7. Implications for Monetary Policy and Analysis