The Oxford handbook of the economics of central banking

The economic influence of central banks has received ever more attention given their centrality during the financial crises that led to the Great Recession, strains in the European Union, and the challenges to the Euro. The Oxford Handbook of the Economics of Central Banking reflects ...

Las políticas monetarias del BCE ante la crisis económica

Como es sabido el BCE inició sus compras de deuda corporativa europea en el mes de junio de 2016. No obstante ya con carácter previo incorporó la expansión de su balance como un instrumento adicional de política monetaria mediante el desarrollo de las subastas TLTRO ...

¿Qué le hizo el gobierno a nuestro dinero?

ensayo sobre el origen y la función de la moneda

Aunque se halle en apariencia fuera de la órbita de grandes obras maestras del profesor Murray N. Rothbard como Historia del pensamiento económico o El hombre, la economía y el Estado, este breve tratado es una solidísima meditación en torno a los beneficios de una ...

La dolarización en América Latina

un análisis desde la perspectiva de la Escuela Austriaca

Desde la perspectiva de la Escuela Austriaca de Economía, Miguel Ángel Echarte Fernández explora los casos de dolarización espontánea y oficial en la América Latina de las últimas dos décadas. Muchos países del continente han sufrido las consecuencias de la inflación en estos tiempos. Pero ...

How global currencies work

past, present, and future

A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power’s currency—the British pound, the U.S ...

Currency statecraft

monetary rivalry and geopolitical ambition

At any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currencies gain international appeal choose to use this status forms their strategy ...

The Federal Reserve and its founders

money, politics and power

To fully understand the Federal Reserve and its role today we need to examine its origins and the men who founded it. Using extensive archival sources, Richard Naclerio investigates the highly secretive events that surrounded the Fed’s creation and the bankers, financiers and tycoons ...

Do central banks serve the people?

Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity - through a process known as quantitative easing - first to prevent financial meltdown and later to stimulate the economy. The untold ...

Sveriges Riksbank and the history of central banking

Written in celebration of its 350th anniversary in 2018, this book details the history of the central bank of Sweden, Sveriges Riksbank, as presented by Klas Fregert. It relates the bank's history to the development of other major central banks around the world. Chapters ...

Riesgo soberano y política monetaria

efectos sobre los préstamos bancarios y el crédito comercial

El objetivo de este trabajo es analizar cómo el riesgo soberano afecta a la transmisión de la política monetaria a través de los préstamos bancarios y el crédito comercial. Los resultados indican que los bancos que operan en países con mayor riesgo soberano contraen más ...

Riesgo soberano y política monetaria

efectos sobre los préstamos bancarios y el crédito comercial

El objetivo de este trabajo es analizar cómo el riesgo soberano afecta a la transmisión de la política monetaria a través de los préstamos bancarios y el crédito comercial. Los resultados indican que los bancos que operan en países con mayor riesgo soberano contraen más ...

What's wrong With the IMF

and how to fix it

The International Money Fund (IMF) stands at a crossroad. Derided as increasingly irrelevant in the first decade of the new millennium, the fall-out from the 2008 global financial crisis has restored its power and prestige. The resurgent IMF has shifted in policy position with potentially ...

Can the Euro be saved?

The economies of the eurozone countries are plagued by multiple crises, which cast major doubts over the future of the euro. In this engaging new book, leading economist Malcolm Sawyer argues that the entire policy framework of the eurozone was fundamentally flawed from its foundation ...

Dollars and sense

how we misthink money and how to spend smarter

Why is paying for things painful? Why are we comfortable overpaying for something in the present just because we’ve overpaid for it in the past? Why is it easy to pay $4 for a soda on vacation, when we wouldn’t spend more than ...

How global currencies work

past, present, and future

A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power’s currency—the British pound, the U.S ...

La gran trampa

por qué los bancos centrales están abonando el terreno para la próxima crisis

Los medios de comunicación y muchos políticos han llamado «política monetaria no convencional» a las medidas adoptadas por los bancos centrales para salir de la crisis. Pero se trata de un concepto engañoso, porque en realidad lo que han hecho es lo mismo que siempre ...

A study in monetary macroeconomcs

The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. The same holds true for exceptionally low interest rates during the recent years and for the puzzle that super-expansive monetary policies failed to produce high inflation. Approaches that focus ...

International currency exposure

The foreign currency denomination of contracts in international transactions can lead to international currency exposure at the country level with important economic and policy implications. When debts are denominated in foreign currency and revenues in domestic currency, exchange rate fluctuations can result in balance sheet ...

Orígenes, historia y futuro de la Reserva Federal de los Estados Unidos

retorno a la Isla de Jekyll

Con 7 ensayos presentados en la conferencia realizada en el año 2010 en el marco del centenario de la reunión en la Isla de Jekyll, este libro aborda los orígenes, la fundación, los eventos decisivos y el porvenir de la Reserva Federal de los Estados ...

Money, payments, and liquidity

In 'Money, Payments, and Liquidity', Guillaume Rocheteau and Ed Nosal provide a comprehensive investigation into the economics of money, liquidity, and payments by explicitly modeling the mechanics of trade and its various frictions (including search, private information, and limited commitment).