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Why Emerging Markets Are Wary of Modern Monetary Theory

The Breakdown | Podcasts
By: The Breakdown
Published: 2020-11-09 00:00:00
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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.

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