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Why Emerging Markets Are Wary of Modern Monetary Theory
While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.
Updated Sep 14, 2021, 10:28 a.m. Published Nov 8, 2020, 2:00 p.m.
While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.
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Today’s Long Reads Sunday is a reading of Andy Mukherjee’s piece: “Why Emerging Markets Are Wary of a Modern Monetary Fix”.
The argument is that while Western governments debate just how far we can take the idea of money printing without paying a dubious price, for emerging-market governments there simply isn’t the same capacity to print their way out of problems.
See also: The World Is Never Getting Off Government Stimulus
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Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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