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).

Monetary theory and policy

This textbook presents a comprehensive treatment of the most important topics in monetary economics, focusing on the primary models monetary economists have employed to address topics in theory and policy. Striking a balance of insight, accessibility, and rigor, the book covers the basic theoretical approaches ...

The social meaning of money

pin money, paychecks, poor relief, and Ooher currencies

A dollar is a dollar—or so most of us believe. Indeed, it is part of the ideology of our time that money is a single, impersonal instrument that impoverishes social life by reducing relations to cold, hard cash. After all, it's just money ...

The courage to act

a memoir of a crisis and its aftermath

Ben S. Bernanke’s rise to chair of the Federal Reserve, the massive financial crisis, and the Fed’s bold and effective response. In 2006, Ben S. Bernanke was appointed chairman of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood ...

Naked money

a revealing look at what it is and why It matters

Money talks

explaining how money really works

The world of money is being transformed as households and organizations face changing economies, and new currencies and payment systems like Bitcoin and Apple Pay gain ground. What is money, and how do we make sense of it? Money Talks is the first book to ...

The political economy of monetary solidarity

understanding the Euro experiment

Creating the European monetary union between diverse and unequal nation states is arguably one of the biggest social experiments in history. This book offers an explanation of how the euro experiment came about and was sustained despite a severe crisis, and provides a comparison with ...

A market theory of money

In this book, Sir John Hicks draws together the common threads of over 50 years' writing on monetary economics into a succint statement of the fundamentals of monetary theory. He also goes beyond this work of synthesis to outline a theory of competitive markets which ...

Money free and unfree

The United States has endured crippling financial crises, together with many other sorts of monetary disorder, throughout its history. Why? The popular answer has long been that U.S. banks have been under-regulated, that increased regulation and centralization over the years have helped, and that ...

Money, payment systems and the European Union

the regulatory challenges of governance

When the term "governance" is associated with money, the mind goes directly to the traditional regulatory paradigm, i.e. the nation State-Central Banking-Currency. However, over time, there has been a steady erosion of the nation states' sovereignty, also in the area of monetary law. This ...

Europe's orphan

the future of the Euro and the politics of debt

Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe's Orphan, leading economic commentator Martin Sandbu presents a ...

La moneda del siglo veinte y la política monetaria no convencional

La crisis bancaria y financiera producida en los países industriales más avanzados a comienzos del nuevo siglo plantea nuevos retos a la investigación. El editor de esta publicación ha querido poner a disposición de los lectores en lengua española una muestra de lo que habían ...

Reduzcamos el papel moneda

una propuesta para disminuir el dinero en efectivo y, con ello, reducir la corrupción, la evasión fiscal, el tráfico de drogas y la economía sumergida

En Reduzcamos el papel moneda, uno de los más destacados economistas mundiales argumenta de manera persuasiva y fascinante una idea que hasta hace poco habría parecido extravagante: deshacernos de la mayor parte del papel moneda. Aunque en las economías avanzadas la población utiliza cada vez ...

Central Banks and Gold

how Tokyo, London, and New York shaped the modern world

In recent decades, Tokyo, London, and New York have been the sites of credit bubbles of historically unprecedented magnitude. Central bankers have enjoyed almost unparalleled power and autonomy. They have cooperated to construct and preserve towering structures of debt, reshaping relations of power and ownership ...