Abstract
Two principal themes are developed in a number of ways. The first, encompassing quasi banking, concerns how the j-th money supply may become endogenous. The second concerns properties of a sophisticated debt-denomination and discharge process in which choice of measure is open so that contracts might call for the j-dollar equivalent to a basket of currencies to be paid over at date t.
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© 1986 M.L. Burstein
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Burstein, M.L. (1986). Some Pure Theory of Money in an Open Macroeconomy. In: Modern Monetary Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18070-7_11
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DOI: https://doi.org/10.1007/978-1-349-18070-7_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-18072-1
Online ISBN: 978-1-349-18070-7
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