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 ...

Money, income and time

a quantum-theoretical approach

In Money, Income and Time, Alvaro Cencini examines how money has been alternatively defined as a commodity and as the general equivalent of all commodities to be, subsequently, identified with the concept of numeraire, and, finally, reduced to the actual notion of credit. To better ...

La avalancha de la deuda

un peligro para nuestra democracia, nuestra prosperidad y su fortuna

La crisis económica ha entrado en una nueva fase. Los políticos y los responsables de los bancos centrales intentan estabilizar la situación por todos los medios, pero la confianza en el dinero se desvanece día a día. La avalancha de la deuda analiza las causas ...

Debtors' prison

the politics of austerity versus possibility

Kuttner, entrepreneur, editor, and columnist, declares, “Today, in the aftermath of collapse, we need . . . more public borrowing to jump-start a depressed private economy.” Yet our current public debate has been about less public investment, not more, and the author laments the widely held view that ...

Challenges in central banking

the current institutional environment and forces affecting monetary policy

Changes in the field of central banking over the past two decades have been nothing short of dramatic. They include the importance of central bank autonomy, the desirability of low and stable inflation, and the vital role played by how central banks communicate their views ...

The Federal Reserve

what everyone needs to know

The Federal Reserve System-the central bank of the United States, better known as The Fed-has never been more controversial. Criticism has reached such levels that Congressman Ron Paul, contender for the Republican presidential nomination in 2012, published End the Fed, with blurbs from musician Arlo ...

Central Bank, communication, decision making, and governance

issues, challenges, and case studies

In recent years central bankers have placed new emphasis on communication with financial markets and the general public. They have done this not only through the traditional channel of monetary policy pronouncements but also by increasing the quantity of information they make public. Yet as ...

The rise of the people's bank of China

the politics of institutional change

With $4.5 trillion in total assets, the People's Bank of China now surpasses the U.S. Federal Reserve as the world's biggest central bank. The Rise of the People's Bank of China investigates how this increasingly authoritative institution grew from a ...

A Europe made of money

the emergence of the european monetary system

A Europe Made of Money is a new history of the making of the European Monetary System (EMS), based on extensive archive research. Emmanuel Mourlon-Druol highlights two long-term processes in the monetary and economic negotiations in the decade leading up to the founding of the ...

Constitutional money

a review of the Supreme Court's Monetary decisions

This book reviews nine Supreme Court cases and decisions that dealt with monetary laws and gives a summary history of monetary events and policies as they were affected by the Court's decisions. Several cases and decisions had notable consequences on the monetary history of ...