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- W9223438 abstract "Over the last twenty years, mostly owing to research carried out by French and Italian scholars, a new formulation of monetary macroeconomics, the so-called ‘Theory of the monetary circuit’, also denominated ‘The circulation approach’ (Deleplace and Nell 1996), has been gaining ground. The basic theoretical tenets of the theory can be synthesised in three main propositions: rigorous distinction between banks and firms, endogenous determination of the money stock, and rejection of the marginal theory of distribution." @default.
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- W9223438 date "2003-09-04" @default.
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- W9223438 title "Introduction" @default.
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- W9223438 doi "https://doi.org/10.1017/cbo9780511493546.001" @default.
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