Bill Mitchell – Case Study – British IMF loan 1976 – Part 3

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text during 2013 (to be ready in draft form for second semester teaching). Comments are always welcome. Remember this is a textbook aimed at undergraduate students and so the writing will be different from my usual blog free-for-all. Note also that the text I post is just the work I am doing by way of the first draft so the material posted will not represent the complete text. Further it will change once the two of us have edited it.

 

Previous parts:
▪ Case Study – British IMF loan 1976 – Part 1
▪ Case Study – British IMF loan 1976 – Part 2

Case Study – The British IMF loan in 1976

[CONTINUING - NOTE I AM PIECING THIS TOGETHER FROM A RANGE OF PRIMARY HISTORICAL DOCUMENTS AND IT IS VERY TIME CONSUMING. THE TASK IS TO DISTILL THE MASSIVE DETAIL AVAILABLE IN THE VARIOUS OFFICIAL DOCUMENTS TO PROVIDE AN ADEQUATE BACKGROUND TO WHAT HAPPENED IN THE MID 1970s. WITHOUT THAT BACKGROUND ERRONEOUS CONCLUSIONS ARE EASY TO MAKE]

Post War Period to the 1976 crisis

Bill Mitchell – billy blog
Case Study – British IMF loan 1976 – Part 3
Bill Mitchell