{"id":1406758,"date":"2023-12-22T01:42:01","date_gmt":"2023-12-22T01:42:01","guid":{"rendered":"https:\/\/realprogressives.org\/?p=58210"},"modified":"2023-12-22T01:42:01","modified_gmt":"2023-12-22T01:42:01","slug":"mmp-blog-26-sovereign-currency-and-government-policy-in-the-open-economy","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2023\/12\/22\/mmp-blog-26-sovereign-currency-and-government-policy-in-the-open-economy\/","title":{"rendered":"MMP Blog #26: Sovereign Currency and Government Policy in the Open Economy"},"content":{"rendered":"A country that floats its exchange rate can enjoy domestic policy independence and free capital flows. A country that pegs its exchange rate must choose to regulate capital flows or must abandon domestic policy independence.\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/realprogressives.org\/mmp-blog-26-sovereign-currency-and-government-policy-in-the-open-economy\/\">Real Progressives<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>A country that floats its exchange rate can enjoy domestic policy independence and free capital flows. A country that pegs its exchange rate must choose to regulate capital flows or must abandon domestic policy independence.<\/p>\n","protected":false},"author":15648,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63141,72296,6156,47097,5692,72017,5758,9909,35177,72275,72244],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1406758"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/15648"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=1406758"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1406758\/revisions"}],"predecessor-version":[{"id":1406759,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1406758\/revisions\/1406759"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=1406758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=1406758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=1406758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}