Modern Money Theory and Alternative Exchange Rate Regimes

L. Randall Wray

Chapter 5 in Modern Money Theory, 2012, pp 148-186 from Palgrave Macmillan

Abstract: Abstract The previous discussions were quite general and apply to all countries that use a domestic currency. It does not matter whether these currencies are pegged to a foreign currency or to a precious metal, or whether they are freely floating — the principles are the same. In this chapter we will examine the implications of exchange regimes for our analysis.

Keywords: Exchange Rate; Interest Rate; Central Bank; Fiscal Policy; Precious Metal (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1057/9781137265142_5

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