Bill Mitchell – British IMF loan 1976 – Part 6

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 – British IMF loan 1976 – Part 3
• Case Study – British IMF loan 1976 – Part 4
• Case Study – British IMF loan 1976 – Part 5 
• Case Study – The British IMF loan in 1976

The November 1967 Devaluation

[PRIOR DISCUSSION RELATING TO THE BUILD-UP TO THE DEVALUATION ... NEW MATERIAL NOW]

Bill Mitchell – billy blog
Case Study – British IMF loan 1976 – Part 6
Bill Mitchell

Bill Mitchell — Case Study – British IMF loan 1976 – Part 5

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 – British IMF loan 1976 – Part 3
▪ Case Study – British IMF loan 1976 – Part 4

Case Study – The British IMF loan in 1976

[This Blog Takes Us Up To The 1967 Devaluation - And Establishes The Theme That Persisted Into The 1970S - I Will Try To Get Up To 1976 Next Week And Then Examine The Actual Episode The Week After. This Will Not Be All Reproduced In The Text Book But Will Form Part Of Our On-Line Site Which Is In The Process Of Construction. A Shorter Version Will Appear In The Text Book]

Post War Period to the 1967 Devaluation

Bill Mitchell – billy blog
Case Study – British IMF loan 1976 – Part 5
Bill Mitchell

Neil Wilson — The Sterling Hierarchy of Money

3spoken
The Sterling Hierarchy of Money

Neil Wilson