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A post keynesian framework for monetary policy 83 model, the shift to interest rate operating procedures generates a form of endogenous money supply, which can be termed central bank endogeneity see palley, 2002a, pp. There are different reasons for carrying out revisions of. The fifth edition features a strong revision of content in all 36 chapters while maintaining the clear, accessible writing style and precise presentation that are the hallmarks of this highly respected author. In recent years many studies have been published1 which analyse the evolution of competition in the banking sectors of europe in the context of phenomena like deregulation, globalisation, increased concentration due to mergers, etc.
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