Exchange, speculation and interest in the General Theory model

Vol. 28 No. 3 (2008)

Jul-Sep / 2008
Published July 1, 2008
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Sicsú, João. 2008. “Exchange, Speculation and Interest in the General Theory Model”. Brazilian Journal of Political Economy 28 (3):434-42. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/535.

Exchange, speculation and interest in the General Theory model

João Sicsú
Professor do Instituto de Economia da UFRJ e pesquisador do CNPq
Brazilian Journal of Political Economy, Vol. 28 No. 3 (2008), Jul-Sep / 2008, Pages 434-442

Abstract

This short chapter aims to make an adaptation to a small and financially integrated economy of the monetary / financial model presented by J. M. Keynes in his General Theory of Employment, interest and money. So, this has as a goal, particularly, to adapt the chapters 15 and 17 of the General Theory basically concerned to the speculative motivations to define the composition of the assets portfolio.

JEL Classification: E12; E43; E41.


Keywords: interest and exchange rates speculative motivation Keynes’s General Theory