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Modern Money Theory and Alternative Exchange Rate Regimes

In: Modern Money Theory

Author

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  • L. Randall Wray

    (University of Missouri-Kansas City)

Abstract

The previous discussions were quite general and apply to all countries that use a domestic currency. It does not matter whether these currencies are pegged to a foreign currency or to a precious metal, or whether they are freely floating — the principles are the same. In this chapter we will examine the implications of exchange regimes for our analysis.

Suggested Citation

  • L. Randall Wray, 2012. "Modern Money Theory and Alternative Exchange Rate Regimes," Palgrave Macmillan Books, in: Modern Money Theory, chapter 5, pages 148-186, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-26514-2_5
    DOI: 10.1057/9781137265142_5
    as

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