A word on the explanatory power of MMT: The euro crisis explained before it happened

In: Blog

9 Jul 2012

Randy Wray is the author of this piece – giving credit to most of those who understood the fragility of the architecture of the common currency in Europe as soon as (or before) it actually started (in 1999).

The following key writings about the fragility of the design of the euro date from 1996 through 2001.

Charles A.E. Goodhart, Two Concepts of Money, and the Future of Europe

Warren Mosler, Rites of Passage

The Launching of the Euro, Proceedings, edited by Mathew Forstater

Wynne Godley, Curried EMU

Comment Form