The curse of cash

how large-denomination bills aid crime and tax evasion and constrain monetary policy

From the New York Times bestselling author of This Time Is Different, "a fascinating and important book" (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion—and to battle financial crises by tapping the power of negative interest rates The ...

The currency of confidence

how economic beliefs shape the IMF's relationship with Its borrowers

The IMF is a purposive actor in world politics, primarily driven by a set of homogenous economic ideas, Stephen C. Nelson suggests, and its professional staff emerged from an insular set of American-trained economists. The IMF treats countries differently depending on whether that staff trusts ...

Euro

par ici la sortie?. Les vraies options pour la France et l'Europe

Depuis des mois, « la » question s’invite dans le débat : la création de l’euro ne fut-elle pas une tragique erreur et ne faudrait-il pas « en sortir » au plus vite ? Après le Brexit, le Frexit ? À Paris comme à Londres ou à Rome, le divorce ...

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 ...

Gobernanza económica de la zona euro

entre profundización y desintegración

Las dificultades por las que atraviesa la zona euro, aunque tengan causas, manifestaciones e intensidad que varían según los momentos históricos, no resultan novedosas. Son el producto de muchos factores externos, entre los que sobresale la creciente financiarización de la economía, que impone al capitalismo ...

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 ...

The production of money

how to break the power of bankers

Money makes the world go round: but what is it really? And how is it produced? Above all, who controls its production, and in whose interests? Money is never a neutral medium of exchange. Nor are bankers simply go-betweens for savers and borrowers. In this ...

Contra la teoría monetaria moderna

por qué imprimir dinero sí genera inflación y por qué la deuda pública sí la pagan los ciudadanos

La Teoría Monetaria Moderna es una corriente de pensamiento económico que sostiene que los Estados con soberanía monetaria pueden financiar sus gastos sin cobrar impuestos y sin endeudarse. Para ello, aseguran, basta con emitir moneda fiat (el dinero actualmente vigente en el mundo desde que ...

European Social Models from Crisis to Crisis

employment and inequality in the era of monetary integration

Europeans use 'social models' to refer to the combination of welfare state, industrial relations, and educational institutions jointly structuring what we can think of as the supply-side of the labor market. The dominant view in controversy over the social models has been that in the ...

The Euro Trap

on bursting bubbles, budgets, and beliefs

This book offers a critical assessment of the history of the euro, its crisis, and the rescue measures taken by the European Central Bank and the community of states. The euro induced huge capital flows from the northern to the southern countries of the Eurozone ...

Brother, can you spare a billion?

the United States, the IMF, and the international lender of last resort

When financial crises occur, it has long been accepted that national economies need a lender of last resort to stabilize markets. In today's global financial system, crises are rarely confined to one country. Indeed, they often go global. Yet, there is no formal international ...

The people's money

how China is building a global currency

Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation-and for good reason. China has long privileged economic policies that have fueled development at ...