Discussion — Lecture 14: Money and the State: International

This session covers Lecture 14: Money and the State: International

The lecture builds on the Robert Mundell reading from last week in an attempt to extend the money view to international monetary systems. We add balance sheets to Mundell's story of the 20th century, and continue the story into the early 21st century. We can ask how a gold standard compares to a global fiat currency.

Perry says:

This lecture is meant to parallel #3, but not so successful in my mind, since I was still working out money view of fx in 2012.

He recommends taking a look at the following paper of his from 2015:

Elasticity and Discipline in the Global Swap Network

Lecture Notes

Lecture 14 Discussion Thread