Money, payments, and liquidity

In Money, Payments, and Liquidity, Ed Nosal and Guillaume Rocheteau provide a comprehensive investigation into the economics of money and payments by explicitly modeling trading frictions between agents. Adopting the search-theoretic approach pioneered by Nobuhiro Kiyotaki and Randall Wright, Nosal and Rocheteau provide a logically ...

¡Frenad el desastre del Euro!

Llegados al punto más grave de la crisis que asola Europa, cabe hacerse la gran pregunta: ¿Qué sentido tiene seguir adelante con el euro? O más importante aún; visto adonde nos ha llevado la moneda única, ¿qué interés existe en mantenerla? ¿Quiénes son los grandes ...

La libertad de emisión del dinero bancario

crítica del monopolio del Banco Emisor Central

Los banqueros, los políticos y la mayoría de los economistas están convencidos de que nuestros sistemas bancarios no podrían funcionar sin una autoridad central que regule la cantidad de dinero y del crédito de la economía. Pero el autor de esta obra cuestiona esta pretensión ...

Política monetaria

fundamentos y estrategias

Esta obra es la consecuencia de la evolución habida a lo largo de veinte años de una primera edición de la que se denominó Teoría y Política Monetaria. La grave crisis financiera que padecemos y que tuvo como punto de partida la histeria bursátil colectiva ...

¿Qué está pasando?

La economía mundial se ha vuelto a tambalear durante el verano de 2011 por una nueva sacudida de los mercados que ha sorprendido a Europa y a EEUU, todavía en plena convalecencia tras el batacazo de 2008. La nueva sacudida puede condenar a EEUU a ...

The Euro

the battle for the new global currency

This book takes a look at the tumultuous history of the Euro, its status in global economics and politics, and the pressures that present enormous challenges for the Euro's future. This new edition has been fully updated to cover the dramatic events of 2010-2011 ...

The new gold standard

rediscovering the power of gold to protect and grow wealth

The guide to returning to a gold standard All that glitters is gold and gold has never glittered so much as it has in the last decade, reaching staggering new prices in recent years. The definitive modern argument to returning to a gold standard, The ...

Monetary theory and policy

A new edition of the leading text in monetary economics, a comprehensive treatment revised and enhanced with new material reflecting recent advances in the field.

A history of the Federal Reserve.Vol.2

book 2, 1970-1986

Allan H. Meltzer's critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution's founding in ...

Monetary Macrodynamics

Aut. Toichiro Asada...[et al]. CONTENTS: 1 Models of growth, inflation and the real-financial market interaction 2 Neglected textbook results : IS-LM-PC inflation dynamics 3 Strange AS-AD outcomes : rational expectations inflation theory 4 Taking stock : Keynesian dynamics and the AD-AS framework 5 New Keynesian equilibrium vs ...

Wall Street revalued

imperfect markets an inept central bankers

Andrew Smithers, one of the world's foremost economists, showed that at its peak in 2000 the US stock market was wildly over-priced and argued that central bankers should adjust their policies to prevent asset bubbles. But the Federal Reserve claimed that assets could not ...

Capital ideas

the IMF and the rise of financial liberalization

The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside ...

Interest rates, exchange rates and world monetary policy

Meet the economic gangster. He's the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can't touch him - he has diplomatic immunity. He's the Chinese smuggler who dodges tariffs by magically transforming frozen ...

Global imbalances and the lessons of Bretton Woods

Why the current Bretton Woods-like international financial system, featuring large current account deficits in the center country, the United States, and massive reserve accumulation by the periphery, is not sustainable. In "Global Imbalances and the Lessons of Bretton Woods", Barry Eichengreen takes issue with the ...

The Euro

the first decade

Eds. Marco Buti...[et al]. CONTENTS: List of figures List of tables List of boxes List of contributors Foreword by Joaquin Almunia Ch. 1 The euro: the first decade and beyond by Marco Buti and Servaas Deroose and Vitor Gaspar and Joao Nogueira Martins Pt ...

Measuring and managing federal financial risk

Ed. Deborah Lucas. The U.S. government is the world's largest financial institution, providing credit and assuming risk through diverse activities. But the potential cost and risk of these actions and obligations remains poorly understood and only partially measured. Government budgetary and financial accounting ...

Federal Banking in Brazil

policies and competitive advantages

This study is the first in a decade to provide an overview of banking in Brazil. It is argued that the big three federal banks have long provided essential policy alternatives and, since the liberalization of the industry in the 1990s, have realized competitive advantages ...

Sin reservas

un límite al poder absoluto

El 14 de diciembre de 2009 se quebró una relación de respeto que se había mantenido durante más de cinco años entre el banco Central y los Kirchner, cuando el Gobierno, con un decreto, decidió usar las reservas para financiar el desmedido aumento del gasto ...

Gold standard at the turn of the Twentieth Century

rising powers, global money, and the Age of Empire

By the end of the nineteenth century, the world was ready to adopt the gold standard out of concerns of national power, prestige, and anti- English competition. Yet although the gold standard allowed countries to enact a virtual single world currency, the years before World ...

Handbooks of monetary economics

Volume 3A - 3B

How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as ...