Contents: Preface Introduction 1. Negative Net Resource Transfers as a Minskyian Hedge Profile and the Stability of the International Financial System Jan A. Kregel 2. Monetary and Social Relationships Charles A.E. Goodhart 3. System Dynamics of Interest Rate Effects on Aggregate Demand Linwood Tauheed and L. Randall Wray 4. Credibility versus Confidence in Monetary Policy Edwin le Heron and Emmanuel Carre 5. Understanding the Link Among Uncertainty, Instability and Institutions, and the Need for Stabilization Policies: Towards a Synthesis between Post Keynesian and Institutional Economics Slim Thabet 6. Saving, Asset-Price Inflation, and Debt-Induced Deflation Michael Hudson 7. Unit Roots in Macroeconomic Time Series and Stabilization Policies: A Post Keynesian Interpretation Gilberto A. Libanio 8. Mark-up Determinants and Effectiveness of Open Market Operations in an Oligopsonistic Banking Sector: The Mexican Case Noemí Levy and Guadalupe Mántey 9. The Washington Consensus and (Non-) Development Hansjörg Herr and Jan Priewe 10. Competition, Low Profit Margin, Low Inflation and Economic Stagnation Arturo Huerta 11. Foundering After Floating? Exchange Rate Management and the Mexican Stock Market, 1995–2001 Jesús Muñoz and P. Nicholas Snowden 12. The Evolution of Financial Systems: The Development of the New Member States of the European Union Elisabeth Springler Index