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Some Pure Theory of Money in an Open Macroeconomy

In: Modern Monetary Theory

Author

Listed:
  • M. L. Burstein

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.

Suggested Citation

  • M. L. Burstein, 1986. "Some Pure Theory of Money in an Open Macroeconomy," Palgrave Macmillan Books, in: Modern Monetary Theory, chapter 11, pages 164-189, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18070-7_11
    DOI: 10.1007/978-1-349-18070-7_11
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