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Why Emerging Markets Are Wary of Modern Monetary Theory

Nathaniel Whittemore
·1 min read

While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.

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

Related: The Biggest Macro Event Since March

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

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.

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