The concrete Euro

implementing monetary policy in the Euro area

The euro area's framework for monetary policy implementation was introduced in 1999. Eleven years on, this volume examines the theoretical and historical underpinnings of the framework, how it has fared in practice, and what challenges it is likely to face in the future. The ...

The death of money

the coming collapse of the internacional monetary system

“The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.” The international monetary system has collapsed three times in the past ...

One world currency

The globe

One World Currency presents a serious study about the need for a single stable currency with timely, historical references and skillful economic analysis by noted economist Jose Rafael Abinader. This book describes how a global and universally accepted currency will lead to economic stability throughout ...

Europe's path to crisis

disintegration via Monetary Union

The EU's single currency crisis and the ensuing human costs have led to Europe's biggest disaster since 1945. This book examines each of its stages and the political and social impact, and reveals the longer-term origins of the crisis, particularly the failure of ...

Dinero

de fin a medio

¿Sabes cómo se crea el dinero? ¿Quién ha construido el actual orden monetario? ¿Qué organismo lo supervisa, qué Parlamento o qué pueblo soberano tiene poder de decisión sobre él? El desconcierto que normalmente generan estas preguntas es tan indigno para la democracia como para sus ...

Monetary policy operations and the financial system

Since 2007, central banks of industrialized countries have counteracted financial instability, recession, and deflationary risks with unprecedented monetary policy operations. While generally regarded as successful, these measures also led to an exceptional increase in the size of central bank balance sheets. The book first introduces ...

Financial markets, banking, and monetary policy

Praise for Financial Markets, Banking, and Monetary Policy: "A lucid treatment that takes on board shadow-banking, Dodd-Frank, the zero lower bound, and forward guidance. In short, all the key post-crisis issues". (Anil Kashyap, Edward Eagle Brown Professor of Economics and Finance, University of Chicago). "The ...

Crisis monetarias y financieras

lecciones para el futuro

La historia de las crisis monetarias y financieras se remonta a varios siglos atrás: prácticamente todos los países se han enfrentado a ellas en algún momento de su existencia, bien por causas propias o por «contagio». En un mundo tan cambiante como el nuestro tenemos ...

Los alquimistas

tres banqueros centrales y un mundo en llamas

Cuando las primeras grietas se hicieron visibles para todos, en agosto de 2007, empezamos a escuchar a diario tres nombres que se nos empezarían a hacer día a día más familiares. Eran los líderes de los tres bancos centrales más importantes del mundo: Ben Bernanke ...

The Euro crisis and its after math

The euro's life, while only slightly more than a decade long, has been riddled by a series of challenges and crises. The disparity between the prosperous Northern countries of Germany and France and the plummeting Southern countries, including Italy and Greece, has exacerbated problems ...

The global currencies conundrum

This book discusses the emergence of a multi-polar currency system. With the US Dollar’s hegemony as global reserve currency in question, it examines the role of the Federal Reserve in its decline, the emergence of the Euro in a multi-polar currency system and the ...

The alchemists

three central bankers and a world on fire

When the first fissures became visible to the naked eye in August 2007, suddenly the most powerful men in the world were three men who were never elected to public office. They were the leaders of the world’s three most important central banks: Ben ...

The battle of Bretton Woods

John Maynard Keynes, Harry Dexter White, and the making of a New Wolrd Order

When turmoil strikes world monetary and financial markets, leaders invariably call for 'a new Bretton Woods' to prevent catastrophic economic disorder and defuse political conflict. The name of the remote New Hampshire town where representatives of forty-four nations gathered in July 1944, in the midst ...

Code red

how to protect your savings from the coming crisis

Wall Street Journal Bestseller Valuable insights on monetary policies, their impact on your financial future, and how to protect against them Written by the New York Times bestselling author team of John Mauldin and Jonathan Tepper, Code Red spills the beans on the central banks ...

Mis años en la Reserva Federal

una análisis de la FED y las crisis financieras

En 2012, el presidente de la FED, Ben Bernanke, dio una serie de conferencias en la Universidad George Washington sobre la Reserva Federal y la crisis financiera de 2008 como parte de un curso sobre el papel de este banco central en la economía. En ...

El Corralito

un experimento argentino que viaja a Europa

Entre 2001 y 2002 los líderes políticos argentinos experimentaron con el Corralito, una restricción en la libre disposición de efectivo que cambió la forma de entender la economía. la imposibilidad de acceder al dinero generó una situación insólita que mantuvo en vilo al país generando ...

L'empire de la valeur

refonder l'économie

La crise financière a révélé au grand jour les limites de la théorie économique : celle-ci n'a su ni prévoir les désordres à venir, ni même nous mettre en garde contre de possibles instabilités. Cet aveuglement est le signe d'un profond dysfonctionnement qui exige ...

A contemporary concept of monetary sovereignty

Monetary sovereignty is a crucial legal concept dictating that states have sovereignty over their own monetary, financial, and fiscal affairs. However, it does not feature as part of any key instruments of international law, including the Articles of Agreement of the International Monetary Fund. Rather ...

Testing monetarism

Testing Monetarism pursues the complex question of the nature of the controversy surrounding monetarist theory and evidence, and the reasons for the persistence of this controversy. The theory of monetarism is examined in its old guise as the Quantity Theory of Money, and subsequent chapters ...

The money trap

escaping the grip of global finance

Why have the efforts of governments and central banks to revive economic growth and solve the problems left by the global financial crisis met with such limited success? Why have markets been periodically paralysed by fear and uncertainty? This book argues that governments have been ...