Falling short

the coming retirement crisis and what to do about it

The United States faces a serious retirement challenge. Many of today's workers will lack the resources to retire at traditional ages and maintain their pre-retirement standard of living. It can be difficult for workers to make informed decisions about their retirements now based on ...

Seis meses que condujeron al rescate

crónica de un rescate que Mariano Rajoy no supo evitar. Noviembre 2011 - Mayo 2012

Noviembre de 2010. El PSOE afronta su último año de mandato con la crisis económica arreciando. La portavoz de la oposición, Soraya Sáenz de Santamaría, dice que la prima de riesgo en España «se llama José Luis Rodríguez Zapatero». Noviembre de 2011. Los ciudadanos castigan ...

Hall of mirrors

the Great Depression, the Great Recession, and the uses-and misuses-of History

The Great Depression and the Great Recession are the two great economic crises of the past hundred years. While there are accounts of both episodes, no one has yet attempted a sustained comparative analysis. In Hall of Mirrors, Barry Eichengreen draws on his unparalleled expertise ...

One-month money

why money ruins our economy - and how reinventing it could end unemployment and inflation forever

Money makes the world go round - until it doesn't. Bankers blunder, governments turn a blind eye and investors just get it plain wrong. But what if there's something else lurking behind all our great recessions and depressions, something operating in the shadows that ...

One-month money

why money ruins our economy - and how reinventing it could end unemployment and inflation forever

Money makes the world go round - until it doesn't. Bankers blunder, governments turn a blind eye and investors just get it plain wrong. But what if there's something else lurking behind all our great recessions and depressions, something operating in the shadows that ...

Liquidity lost

the governance of the global financial crisis

Contributing to interdisciplinary debates in cultural economy and the social studies of finance, and grounded in extensive empirical research, Liquidity Lost offers an innovative analysis of how the contemporary global financial crisis was governed. Through an exploration of the interventions made by central banks, treasuries ...

Liquidity lost

the governance of the global financial crisis

Contributing to interdisciplinary debates in cultural economy and the social studies of finance, and grounded in extensive empirical research, Liquidity Lost offers an innovative analysis of how the contemporary global financial crisis was governed. Through an exploration of the interventions made by central banks, treasuries ...

Leones contra dioses

cómo los políticos derrotaron a la prima de riesgo y perdieron la oportunidad de modernizar España

Esta es la historia de un combate desigual entre los políticos y los mercados. Entre los leones Daoíz y Velarde que custodian el Congreso de los Diputados, la sede de la soberanía nacional, y los dioses Hermes y Deméter que presiden el Palacio de la ...

Central banking at a crossroads

Europe and beyond

This book reflects on the innovations that central banks have introduced since the 2008 collapse of Lehman Brothers to improve their modes of intervention, regulation and resolution of financial markets and financial institutions. Authors from both academia and policy circles explore these innovations through four ...

Central banking at a crossroads

Europe and beyond

This book reflects on the innovations that central banks have introduced since the 2008 collapse of Lehman Brothers to improve their modes of intervention, regulation and resolution of financial markets and financial institutions. Authors from both academia and policy circles explore these innovations through four ...

A history of financial crises

dreams and follies of expectations

"Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price ...

The paradox of german power

Since the Euro crisis began, Germany has emerged as Europe's dominant power. During the last three years, German Chancellor Angela Merkel has been compared with Bismarck and even Hitler in the European media. And yet few can deny that Germany today is very different ...

Europe entrapped

Today Europe finds itself in a crisis that casts a dark shadow over an entire generation. The seriousness of the crisis stems from one core political contradiction at the heart of the European project: namely, that what urgently needs to be done is also extremely ...

Bringing down the banking system

lessons from Iceland

The combined collapse of Iceland's three largest banks in 2008 is the third largest bankruptcy in history and the largest banking system collapse suffered by any country in modern economic history, relative to GDP. How could tiny Iceland build a banking system in less ...

Fusion economics

how pragmatism is changing the world

Everyone knows something is wrong. Over forty percent of the world's population lives in poverty. Our planet's resources are diminishing at frightening rates. The international financial system is broken and only serves to exacerbate the gap between the wealthy and the rest. We ...

The paradox of german power

Since the Euro crisis began, Germany has emerged as Europe's dominant power. During the last three years, German Chancellor Angela Merkel has been compared with Bismarck and even Hitler in the European media. And yet few can deny that Germany today is very different ...

Bancocracia

Los gobiernos de los países más industrializados son los responsables de la explosión de la deuda pública en aras del rescate de los bancos privados, que, por otro lado, están en el origen de la mayor debacle económica y financiera del capitalismo desde los años ...

Europe entrapped

Today Europe finds itself in a crisis that casts a dark shadow over an entire generation. The seriousness of the crisis stems from one core political contradiction at the heart of the European project: namely, that what urgently needs to be done is also extremely ...

¿Está China comprando el mundo?

Durante los últimos años los medios de comunicación occidentales han agitado el espectro de una colosal capacidad de las empresas chinas, de comprar una parte importante del tejido empresarial de los países ricos. De acuerdo con esta descripción, tanto el Estado como las empresas chinas ...

Germany, Russia, and the rise of Geo-Economics

Having emerged from the end of the Cold War as a unified country, Germany has quickly become the second largest exporter in the world. Its economic might has made it the center of the Eurozone and the pivotal power of Europe. Like other geo-economic powers ...