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Modern Money Theory "A Primer on Macroeconomics for Sovereign Monetary Systems"

Modern Money Theory "A Primer on Macroeconomics for Sovereign Monetary Systems"

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  • ISBN:9780230368897
  • Editorial: Palgrave
  • Fecha de la edición:
  • Encuadernación:
  • Nº Pág.:312
  • Idiomas:Ingles,Inglés

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In recent years a new approach to macroeconomics has been developed that challenges conventional wisdom and uncovers how money 'works' in the modern economy. This book synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations. Randall Wray addresses the pressing issues of how misunderstandings about the nature of money have caused the current global financial meltdown, and provides fresh ideas about how policymakers around the world should address the continued weaknesses in their economies.

Basics of Macro Accounting Spending by Issuer of Sovereign Currency Basics of the Operation of Domestic Monetary Systems Fiscal Operations Alternative Policy for Sovereign Currencies Modern Money and Macro Stabilizers What is Money? Conclusions on the Nature of Money

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