Modern Money Theory [electronic resource] : A Primer on Macroeconomics for Sovereign Monetary Systems /
Wray, L. Randall.author.
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
Revised edition of the author's Modern money theory, 2012.
Includes bibliographical references and index.
Preface -- Box: definitions -- Introduction the basics of modern money theory -- The basics of macroeconomic accounting -- Spending by issuer of domestic currency -- The domestic monetary system : banking and central banking -- Fiscal operations in a nation that issues its own currency -- Tax policy for sovereign nations -- Modern money theory and alternative exchange rate regimes -- Monetary and fiscal policy for sovereign currencies : what should government do? -- Policy for full employment and price stability -- Inflation and sovereign currencies -- Conclusions : modern money theory for sovereign currencies -- Notes -- Bibliography -- Index.
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
Macroeconomics.
Economic policy.
Economic theory.
Political economy.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Policy.
Economic Theory/Quantitative Economics/Mathematical Methods.
International Political Economy.