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
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
- External economy considerations – Part 7
- External economy considerations – Part 8
- External economy considerations – Part 9
Today, I am just continuing filling in the gaps in the Chapter.
21.7 Currency crises
21.7 Currency crises
[CONTINUING THIS SECTION FROM LAST WEEK - PREVIOUS MATERIAL IN LAST POSTS LINKED ABOVE]
The South East Asian Debt Crisis 1997
[CONTINUING HERE]
Bill Mitchell – billy blogExternal economy considerations – Part 10
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the Charles Darwin University, Northern Territory, Australia
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