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.
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© 2015 L. Randall Wray
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Wray, L.R. (2015). Modern Money Theory and Alternative Exchange Rate Regimes. In: Modern Money Theory. Palgrave Macmillan, London. https://doi.org/10.1057/9781137539922_7
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DOI: https://doi.org/10.1057/9781137539922_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-53990-8
Online ISBN: 978-1-137-53992-2
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