Contents:PrefaceIntroduction1. Negative Net Resource Transfers as a Minskyian Hedge Profile and the Stability of the International Financial SystemJan A. Kregel2. Monetary and Social RelationshipsCharles A.E. Goodhart3. System Dynamics of Interest Rate Effects on Aggregate DemandLinwood Tauheed and L. Randall Wray4.

Credibility versus Confidence in Monetary PolicyEdwin le Heron and Emmanuel Carre5. Understanding the Link Among Uncertainty, Instability and Institutions, and the Need for Stabilization Policies: Towards a Synthesis between Post Keynesian and Institutional EconomicsSlim Thabet6. Saving, Asset-Price Inflation, and Debt-Induced DeflationMichael Hudson7. Unit Roots in Macroeconomic Time Series and Stabilization Policies: A Post Keynesian InterpretationGilberto A. Libanio8. Mark-up Determinants and Effectiveness of Open Market Operations in an Oligopsonistic Banking Sector: The Mexican CaseNoemí Levy and Guadalupe Mántey9. The Washington Consensus and (Non-) DevelopmentHansjörg Herr and Jan Priewe10. Competition, Low Profit Margin, Low Inflation and Economic StagnationArturo Huerta11.

Foundering After Floating? Exchange Rate Management and the Mexican Stock Market, 1995-2001Jesús Muñoz and P. Nicholas Snowden12. The Evolution of Financial Systems: The Development of the New Member States of the European UnionElisabeth SpringlerIndex.