Capital markets union and beyond

Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe. The plan for further development of Europe's economic and monetary union foresees the creation of a capital market union (CMU)—a single market ...

Money

Few economic phenomena provoke as much confusion as money. From the first measures of value and the physical coins that circulated at the dawn human civilization to the era of ‘virtual’ money transmitted through cyberspace, it is ubiquitous and hugely important, yet economists cannot even ...

Money in a human economy

A human economy puts people first in emergent world society. Money is a human universal and now takes the divisive form of capitalism. This book addresses how to think about money (from Aristotle to the daily news and the sexual economy of luxury goods); its ...

Fiscal and monetary policy in the Eurozone

theoretical concepts and empirical evidence

Following the 2008 financial crisis, the Eurozone faced a major challenge to many of its most widely held beliefs around both short- and long-term economic policy. Contrary to what had been the received wisdom, it suddenly became clear that financial institutions can fail, that low ...

Society after money

a dialogue

Project Society After Money is an interdisciplinary project between commons theory, evolutionary political economy, media studies and sociology, that enter into a dialogue with one another in order to look at their specific theories and criticisms of money. Conceived as the beginning of a necessary ...

Macroeconomic shocks and unconventional monetary policy

impacts on emerging markets

Barely two decades after the Asian financial crisis Asia was suddenly confronted with multiple challenges originating outside the region: the 2008 global financial crisis, the European debt crisis, and finally developed economies' implementation of unconventional monetary policies. The implementation of quantitative easing, ultra-low interest rate ...

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 ...

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 ...

¿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 ...

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 ...

Una crítica a la teoría monetaria de Mises

un replanteamiento de la teoría del dinero y del crédito dentro de la Escuela Austríaca de Economía

La teoría monetaria de la Escuela Austriaca ha quedado vinculada a las ideas de Ludwig von Mises desde que éste publicara, en 1912, La teoría del dinero y de los medios fiduciarios. Tal equiparación, sin embargo, resulta problemática en la medida en que esta importante ...

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 ...