skip to Main Content
bitcoin
Bitcoin (BTC) $ 93,524.06 9.42%
ethereum
Ethereum (ETH) $ 2,489.64 11.90%
xrp
XRP (XRP) $ 2.88 32.59%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 625.80 3.35%
solana
Solana (SOL) $ 172.04 22.37%
usd-coin
USDC (USDC) $ 1.00 0.02%
cardano
Cardano (ADA) $ 1.04 61.91%
dogecoin
Dogecoin (DOGE) $ 0.232474 13.71%
staked-ether
Lido Staked Ether (STETH) $ 2,486.71 12.09%

Why Emerging Markets Are Wary of Modern Monetary Theory

(alexsl/iStock via Getty Images Plus)

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.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.com and Nexo.io.

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.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top