Interest rates, exchange rates and world monetary policy

Meet the economic gangster. He's the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can't touch him - he has diplomatic immunity. He's the Chinese smuggler who dodges tariffs by magically transforming frozen ...

Sin reservas

un límite al poder absoluto

El 14 de diciembre de 2009 se quebró una relación de respeto que se había mantenido durante más de cinco años entre el banco Central y los Kirchner, cuando el Gobierno, con un decreto, decidió usar las reservas para financiar el desmedido aumento del gasto ...

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 ...

Measuring and managing federal financial risk

Ed. Deborah Lucas. The U.S. government is the world's largest financial institution, providing credit and assuming risk through diverse activities. But the potential cost and risk of these actions and obligations remains poorly understood and only partially measured. Government budgetary and financial accounting ...

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 ...

Handbooks of monetary economics

Volume 3A - 3B

How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as ...

Purchasing power parities of currencies

recent advances in methods and applications

This up-to-date book demonstrates how the purchasing power parities (PPPs) of currencies are being increasingly used in place of exchange rates for a variety of purposes. These include: comparisons of real income, measurements of global inequality and poverty, calculation of the human development index, and ...

The science and practice of monetary policy today

Ed. Volker Wieland. This book presents important aspects of the New-Keynesian theory of monetary policy and its implications for the practical decision-making of central bankers today. Bridging the theory and practice of monetary policy, it provides an exposition on the key elements of the New-Keynesian ...

Monetary theory and Bretton Woods

the construction of an international monetary order

Over the twentieth century monetary theory played a crucial role in the evolution of the international monetary system. The severe shocks and monetary gyrations of the interwar years interacted with theoretical developments that superseded the rigid rules of commodity standards and led to the full-fledged ...

Bernanke's Test

Ben Bernanke, Alan Greenspan, and the drama of the Central Banker

This title offers an up-to-the-minute look at the challenge facing Fed chair Ben Bernanke in trying to clean up the problems affecting the U.S. economy that he inherited from his predecessor, Alan Greenspan, informed by a historical look at how other central bankers have ...

Monetary economics

policy and its theoretical basis

The second edition of this successful textbook closely links discussion of theory and real world policy, providing students with a comprehensive and practical grounding of monetary economics. This successful and popular textbook incorporates current issues in monetary economics. Clear and balanced discussion of both theory ...

Monetary integration in the European Union

The creation of the euro was one of the most ambitious projects undertaken by the EU. The euro has become a major international currency. This book takes stock of the Eurozone, both empirically and theoretically, considering the historical, economic, political, and institutional influences on its ...

Inside the Fed

monetary policy and its management, Martin through Greenspan to Bernanke

Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for over thirty years and after that in private markets and as a consultant on monetary policy. With "Inside the Fed", he offers his unique perspective on the ...

Inflation theory in economics

welfare, velocity, growth and business cycles

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 ...

Monetary policy in a globalized economy

a practitioner's view

Reforms in India have had a longer trajectory than in many other countries, moving from a controlled and repressed financial sector through the 1970s and 1980s to the overarching economic reforms initiated in December 1991. Over the past decade, interest in the conduct of monetary ...

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.

Macroeconomic policy

demystifying monetary and fiscal policy

"Macroeconomic Policy" is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on ...

Breve tratado sobre la reforma monetaria

escritos (1910-1944)

La crisis financiera ha actualizado de forma inimaginable la obra y las aportaciones de un economista que, habiendo estado en una posición central del pensamiento económico, su figura se había visto relegada en las últimas décadas del siglo XX. John Maynard Keynes (1883-1946), economista británico ...

Good money. T.I

The New World

Ed. Stephen Kresge. Hayek's deep interest in the concept of money and its role within the economy is developed in "Good Money, Part I". Consisting of seven of Hayek's most significant monetary writings from the 1920s, this collection focuses on his critique of ...