Global imbalances and the lessons of Bretton Woods

Why the current Bretton Woods-like international financial system, featuring large current account deficits in the center country, the United States, and massive reserve accumulation by the periphery, is not sustainable. In "Global Imbalances and the Lessons of Bretton Woods", Barry Eichengreen takes issue with the ...

Gold standard at the turn of the Twentieth Century

rising powers, global money, and the Age of Empire

By the end of the nineteenth century, the world was ready to adopt the gold standard out of concerns of national power, prestige, and anti- English competition. Yet although the gold standard allowed countries to enact a virtual single world currency, the years before World ...

The future of global currency

the Euro versus Dollar

Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe's joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the ...

The determinants of currency crises

a political-economy approach

Explores the role of political factors in the occurrence of currency crises, using an eclectic approach that blends case studies, theoretical discussion, and econometric analysis.

Designing central banks

Eds. David Mayes, Geoffrey Wood. The activities of central banks are relevant to everyone in society. This book starts by considering how and why in general central banks evolved and specifically the special aspects of the contribution of the North- Northern European Central Banking Tradition ...

The value of money

Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed ...

Argentina's parallel currency

the economy of the poor

The story of the Red de Trueque in Argentina (RT) exposes the problems of creating a grassroots market system parallel and complementary to the official economy. The RT was launched in 1995 by a group of environmentalists who exchanged goods and services at their own ...

Money and banking

an international text

Focuses on the core issues in money and banking. This book provides students with a background in how financial markets work, how banks as businesses function, how central banks make decisions, and how monetary policy affects the global economy.

The dollar crisis

causes, consequences, cures

In this updated, second edition of the highly acclaimed international best seller, "The Dollar Crisis: Causes, Consequences, Cures", Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump ...

Keynes on monetary policy, finance and uncertainty

liquidity preference theory and the global financial crisis

This book provides a reassessment of Keynes' theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in ...

Moving money

the future of consumer payments

Eds. Robert E. Litan, Martin Neil Baily. Once we paid for things with bills, coins, or checks. Today we pay with 0s and 1s-digital entries on credit or debit cards, or electronic messages sent over the Internet. Digital money moves faster, more cheaply, and is ...

The road ahead for the fed

Eds. John D. Ciorciari, John B. Taylor. A broken financial system; a great recession; enormous challenges for The Federal Reserve. Financial institutions, the markets and the Fed itself will never be quite the same. John Taylor and John Ciorciari have brought together a highly knowledgeable ...

The age of turbulence

adventures in a new world

With a new chapter on the current credit crisis.

Fraudes, estafas y falsificaciones

toda la verdad sobre los engaños más grandes de la historia

"Fraudes, estafas y falsificaciones" muestra todos aquellos sucesos basados en el engaño que han trascendido a la Historia por su habilidad, notoriedad y perduración en el tiempo, y que ha pasado desapercibidos ante sus víctimas.

La era de las turbulencias

aventuras en un nuevo mundo

Alan Greenspan (Nueva York, 1926) ha sido asesor de Richard Nixon y presidente de la Reserva Federal de EE. UU. entre 1987 y 2006, con Ronald Reagan, George H. W. Bush, Bill Clinton y George W. Bush. Observador privilegiado y comentarista único de la situación ...

A history of money

from ancient times to the present day

This is a straight-forward, readable account, written with the minimum of jargon, of the central importance of money in the ordinary business of the life of different peoples throughout the ages from ancient times to the present day. The revised and updated paperback edition published ...

The evolution of monetary policy and banking in the US

A concise analysis of the evolution of monetary policy and banking institutions over the past sixty years that stresses the dynamic interactions between the Federal Reserve and banking institutions that resulted from financial market innovations. Institutions were influenced by increasing competition in markets and monetary ...

The origin of financial crises

Central banks, credit bubbles and the efficient market fallacy

In a series of disarmingly simple arguments financial market analyst George Cooper challenges the core principles of today's economic orthodoxy and explains how we have created an economy that is inherently unstable and crisis prone. With great skill, he examines the very foundations of ...

The origins of financial crises

central banks, credit bubbles and the efficient market fallacy

"The Origin of Financial Crises" provides a compelling analysis of the forces behind today's economic crisis. In a series of disarmingly simple arguments George Cooper challenges the core principles of today's economic orthodoxy, explaining why financial markets do not obey the efficient market ...

Innovation and institutions

an institutional perspective on the innovative efforts of banks and insurance companies

This new book uses extensive and multifaceted data and sophisticated data analysis to explore product innovation in the financial services sector. Merging academic and critical analysis with practical recommendations for companies, this book provides a full and rich account of how new products are brought ...