Can A Country Without A Currency Have A Currency Crisis?
by Philip Pilkington
It is often the case that whole debates rest on a misunderstanding or lack of clarity over the definition of key terms. Take the ongoing debates between the group I label as the Kaldorians and the Modern Monetary Theorists (MMTers) over whether or not the Eurozone crisis is a balance-of-payments (BoP) crisis.
Source: http://econintersect.com/pages/analysis/analysis.php?post=202104220242
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