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Where in the World does the Modern Money View apply?
The Modern Money view applies everywhere. It does not matter what currency system you are using, the Modern Money view recognises the constraints of that particular monetary system. It allows us to understand what the consequences of particular monetary system design parameters will be. According to the well-known trilemma, government can choose only two out of the following three: independent domestic policy (usually described as an interest rate peg), fixed exchange rate, and free capital flows.
Further Reading
There is a range of currency regimes
Does MMT apply here?
Exchange Rate Regimes
The Modern Money view applies everywhere. It does not matter what currency system you are using, the Modern Money view recognises the constraints of that particular monetary system. It allows us to understand what the consequences of particular monetary system design parameters will be. According to the well-known trilemma, government can choose only two out of the following three: independent domestic policy (usually described as an interest rate peg), fixed exchange rate, and free capital flows.
Further Reading
There is a range of currency regimes
Does MMT apply here?
Exchange Rate Regimes
