Some Pure Theory of Money in an Open Macroeconomy

M. L. Burstein

Chapter 11 in Modern Monetary Theory, 1986, pp 164-189 from Palgrave Macmillan

Abstract: Abstract Two principal themes are developed in a number of ways. The first, encompassing quasi banking, concerns how the j-th money supply may become endogenous. The second concerns properties of a sophisticated debt-denomination and discharge process in which choice of measure is open so that contracts might call for the j-dollar equivalent to a basket of currencies to be paid over at date t.

Keywords: Current Account; Money Supply; Future Contract; Foreign Asset; Foreign Exchange Market (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18070-7_11

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DOI: 10.1007/978-1-349-18070-7_11

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