Spending by Issuer of Domestic Currency

L. Randall Wray

Chapter 2 in Modern Money Theory, 2012, pp 39-75 from Palgrave Macmillan

Abstract: Abstract In previous sections we have examined in some detail the three balances approach developed largely by Wynne Godley. In some sense all of that is preliminary to examining the nature of modern money. Further, a key distinguishing characteristic of MMT is its view on how government really spends. Beginning with this chapter we will develop our theory of sovereign currency.

Keywords: Interest Rate; Foreign Currency; Debt Ratio; Interest Payment; Current Account Deficit (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: Spending by Issuer of Domestic Currency (2024)
Chapter: Spending by Issuer of Domestic Currency (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26514-2_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137265142

DOI: 10.1057/9781137265142_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().