Ebook: Modern money theory: a primer on macroeconomics for sovereign monetary systems

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.--;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.