Emmanuel Mourlon-Druol1 has produced an exhaustive history of the creation of the EMS out of the snake, drawing on materials from eighteen archives in six countries and a vast secondary literature in multiple languages.
The literature on capital flows is, unfortunately, not particularly gripping reading. It is not something to take to the beach without a strong sunscreen, for the danger of dozing off and burning to a crisp if the sun is high. Nonetheless, there are some useful works.
In Getting it Wrong1 William Barnett, an aggregation and index
number theorist, makes a few important points about monetary policy in
the United States, along with a few questionable claims for how to fix
it, and some fairly bazaar speculations about why his proposals have
received so little traction.
The Money Trap:
January 11, 2013
Robert Pringle’s The Money Trap should be very high on the list of
books for anyone wanting to understand the weaknesses and flaws in the
existing approaches to national monetary and banking policies and the
international arrangements that link them.
January 11, 2012
The top two authors on privacy issues, one focused on financial issues
and one not, are Prof Rose-Marie Antoine of the University of the West
Indies and Prof Daniel Solove of George Washington University.
At the beginning of the Great Depression, world trade dropped by an “astounding 65 per cent in gold-dollar terms”.
Garbade, a senior vice president at the Federal Reserve Bank of New
York, has written extensively on the development of the market for US
Treasury securities, including at least nine single- or co-authored
articles (most of which appear in Economic Policy Review).
“The Treaty includes no provisions for the economic rehabilitation of
Europe, – nothing to make the defeated Central Empire into good
neighbours, nothing to stabilise the new States of Europe …
“Annual income twenty pounds, annual expenditure nineteen pounds,
nineteen and six, result happiness. Annual income twenty pounds, annual
expenditure twenty pounds, nought and six, result misery.”
Sharman’s book is a most interesting contribution to the discourse on the current measures to control money laundering and, to a lesser extent, terrorist financing.
October 5, 2011
The Irish boom was real, up to a point, but the Irish crash is real too.
Like her boom, Ireland’s subsequent problems have spawned a substantial
literature – here we provide a guide to some of the more interesting.
On 15 August, 1971, President Richard Nixon unilaterally
ended the international system of rules that had governed the financing of
international trade and investment since the end of World War II.
Have you ever read a
book or article about a topic in which you have some expertise and realised
that much of what you have read is dead wrong?
A central theme of this book is that such a dramatic expansion of trade could not have occurred without an international currency with which to pay for it. The gold standard – national currencies convertible into gold at fixed prices – provided such a world currency and other virtues as well.
UCLA Professor of History Emeritus Joyce Appleby has written a history
of capitalism that is broad in its coverage of the subject, novel in its
interpretation of capitalism’s effects, and, because of a lack of
constant documentation and reference to literature, a book that happily
takes on the tone of a story
Have you ever encountered a book in your field of inquiry that upon
reading, you knew the book should be put on that special shelf reserved
for favourites? That the book was so fundamentally good and strong that
you would be reading it again and again and referring others to do the
Cambridge University Economic History Professor Martin Daunton has
pulled off the astounding feat of writing not just one, but two books
about the history of taxation that are not only thoroughly researched
and thoughtful but are written in such a lively style and illustrated
with so many ...