Arbeitspapier
Outside money: The advantages of owning the magic porridge pot
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to analysis of current sovereign monetary operations, and exploring the policy space open to sovereign currency issuers. This paper focuses on "outside" money - the currency issued by the sovereign - and the advantages that accrue to nations that make full use of the policy space provided by outside money.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 821
- Classification
-
Wirtschaft
- Subject
-
Central Bank Independence
Chartalism
Fiat Money
Functional Finance
Innes
Keynes
Knapp
Modern Money Theory
Outside Money
Sovereign Currency
State Money
- Event
-
Geistige Schöpfung
- (who)
-
Wray, L. Randall
- Event
-
Veröffentlichung
- (who)
-
Levy Economics Institute of Bard College
- (where)
-
Annandale-on-Hudson, NY
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Wray, L. Randall
- Levy Economics Institute of Bard College
Time of origin
- 2014
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