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MMT, monetary sovereignty and fiscal policy space in Brazil (1999-2019)
Cuadernos de Economía, 2023 There are controversies regarding the applicability of Modern Money Theory (MMT) to emerging countries. In this paper, we shed light on this debate by analyzing the monetary sovereignty and fiscal policy regime in Brazil from 1999 to 2019.
Norberto Montani Martins +1 more
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Monetary Unions and the Problem of Sovereignty [PDF]
The ANNALS of the American Academy of Political and Social Science, 2002 Different types of monetary sovereignty are issues in exchange rate agreements monetary unions. Policy sovereignty refers to independence in making exchange rate and monetary policy, legal sovereignty to a country's ability to make its own laws with respect to the unit of contract and medium of exchange. This article traces the history of the concepts
Mundell, Robert A.
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Monetary Sovereignty in the Digital Era
SSRN Electronic Journal, 2023 The relationship between private and public money has shaped the economic and legal debate over money for centuries. Private money can either compete with or complement public money and this depends on the applicable law and the relative powers of the State and private parties.
Edoardo D. Martino
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Rethinking Monetary Sovereignty: The Global Credit Money System and the State
Perspectives on Politics, 2020 We propose a new conception of monetary sovereignty that acknowledges the reality of today’s global credit money system. Today, the concept is predominantly used to denote states that issue and regulate their own currency. We reject that Westphalian understanding of monetary sovereignty.
Steffen Murau, Jens van ’t Klooster
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From Territorial to Monetary Sovereignty
SSRN Electronic Journal, 2017 AbstractState sovereignty is closely intertwined with, but not limited to, control over territory and people. It has long been recognized that control over monetary affairs is a critical part of genuine sovereignty. In this Article, I go a step further and argue that the relevance and importance of territorial versus monetary sovereignty has shifted in
Katharina Pistor
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Play Money? Contemporary Perspectives on Monetary Sovereignty [PDF]
, 2008 The more books one reads on money, the more one gets confused and frustrated about one’s incapacity to grasp the very essence, the idea of what constitutes money. Yet one can derive at least some comfort from the fact that even Nobel Prize laureate economists such as John Maynard Keynes or famous bankers such as Baron Rothschild—almost coquettishly ...
Christoph Herrmann
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Cryptocurrencies, Monetary Policy, and New Forms of Monetary Sovereignty
International Journal of Political Economy, 2019 AbstractThe article aims to bring to light the limits and contradictions of cryptocurrencies, as well as to investigate possible alternative uses of them.
Fama, Marco +2 more
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MONETARY SOVEREIGNTY: DIGITALIZATION AND THE CBDC TRILEMMA
JOURNAL OF EUROPEAN ECONOMYDigital transformation has put significant pressure on monetary sovereignty. This pressure is channeled through the introduction of private digital payment services, cross-border operations, currency substitution, and the internationalization of foreign currencies.
Viktor Koziuk
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Reformatting the Russian Monetary System in Modern Conditions [PDF]
Современная Европа, 2023 The article considers the question of possible ways of transformation of the Russian monetary system in modern conditions. Currently, Russia is facing tough economic and political sanctions, which encourage it to introduce fundamental structural reforms ...
Alexander N. Dubyanskiy
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Central Bank digital currencies [PDF]
Bankarstvo, 2021 Central Bank digital currencies are a digital challenge to the international monetary and financial system. Since the development of cryptocurrency, such as bitcoin, the modern world has faced the possibility of digital technological transformation and ...
Martin Vesna
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