Bill Mitchell — External economy considerations – Part 7

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 publish the text sometime in 2013. Our (very incomplete) textbook home page – Modern Monetary Theory and Practice – has draft chapters and contents etc in varying states of completion. Comments are always welcome. Note also that the text I post here is not intended to be a blog-style narrative but constitutes the drafting work I am doing – that is, the material posted will not represent the complete text. Further it will change as the drafting process evolves.

Chapter 21 Policy in an Open Economy: Exchange Rates, Balance of Payments, and Competitiveness

This material updates the work already done on Chapter 21 that appeared in the following blogs:
External economy considerations – Part 1
External economy considerations – Part 2
External economy considerations – Part 3
External economy considerations – Part 4
External economy considerations – Part 5
External economy considerations – Part 6

Today, I am just continuing filling in the gaps in the Chapter.

21.7 Currency crises

Bill Mitchell – billy blog
External economy considerations – Part 7
William F. (Bill) Mitchell |Professor of Economics at Charles Darwin University, Professor of Economics at the University of Newcastle, and inaugural director of CofFEE