Monetary economics Books

Book SynopsisNew technologies are shaking the foundations of traditional finance. Leading economist Eswar Prasad foresees the end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Meta’s Diem. Money and finance are on the verge of dramatic transformations that will reshape their roles in the lives of ordinary people.Trade ReviewA strength of [Prasad’s] analysis is his mastery of both technical details and big-picture trade-offs…As it loses physical form, money’s meaning will become ever harder to grasp. This book explores the economic and social effects of that upheaval, giving shape to this most abstract of concepts. * The Economist *An in-depth look at how our wallets are set to evolve. -- Enda Curran * Bloomberg *Prasad aims to pull together some of the threads about bitcoin and such like to set out a big picture on money…Prasad’s helpful discussion of the pressures on, and options available to, central banks was illuminating. I found his framing of the ways in which these new technologies simultaneously make regulation both easier and more difficult interesting. -- David Birch * Financial World *Digital technologies are also transforming the world of finance. Prasad provides an invaluable overview of what this might mean: physical money will disappear; central bank money will compete with the new private versions; financial intermediation will be transformed; and new opportunities will open to the world’s population. -- Martin Wolf * Financial Times *Demystifies the esoteric world of cryptocurrencies…Prasad’s analysis is the best single point of entry for those interested in the nitty-gritty of digital finance. -- Barry Eichengreen * Foreign Affairs *A road map for money managers, market strategists, and others seeking to understand this new world. -- Reshma Kapadia * Barron’s *As money has become free to move around the world, Prasad probes how digital innovation is reshaping it as both a tool and a concept. -- Paola Subacchi * Nature *An ambitious book, covering the diverse landscape of digital money, and one that will remain relevant for years to come. -- Daniel Kuhn * CoinDesk *In The Future of Money Eswar Prasad explains how technology will impact everything financial, from what money will look like to peer-to-peer lending, central banking, and cross-border capital flows. In lucid prose, Prasad explains to the intelligent layperson how exactly Bitcoin works and whether a digital renminbi could challenge the US dollar. If you are looking for an insightful and comprehensive guide to how monetary finance might change, look no further. -- Raghuram G. Rajan, Professor of Finance at the University of Chicago Booth School of Business, former Chief Economist of the International Monetary Fund, and former Governor of the Reserve Bank of IndiaMoney shapes economies, economies shape nations, nations shape history. It follows that the future of money is profoundly important. Here is a definitive report on where we are and where we are going. -- Lawrence H. Summers, Charles W. Eliot Professor and President Emeritus, Harvard UniversityPrasad’s book is the best on the topic so far. In particular, it provides the most complete description of issues and factors that will shape the future of money. Everyone with limited time wanting to have a deeper understanding of money in the 21st century, should read this book. -- Daniel Heller * Central Banking *Drawing on his extensive policymaking experience and insights as one of the leading macroeconomists, Eswar Prasad in The Future of Money provides a comprehensive account of the economic, social, and technological issues that will determine how we save, invest, buy, and sell in the future. -- Mark Carney, former Governor of the Bank of EnglandComprehensive…and a vital handbook for anyone looking to understand how finance is changing. -- Gavin Jackson * Financial Times *In The Future of Money Eswar Prasad has produced a single-volume masterpiece with all one needs to know about an amazing upcoming turning point in monetary policy. He shows that if we follow his sensible advice and heed his warnings of over-regulation and fear, Central Bank Digital Currency will be a genuine help to the poor and a gateway to global stability. Encyclopedic and carefully researched, the book is packed with many valuable, easy-to-understand examples. -- John B. Taylor, Stanford UniversityA sober-minded and informative take on an overheated topic. * Publishers Weekly *A sweeping survey of fintech, crypto assets, and central bank digital currencies (CBDCs). -- John Detrixhe * Quartz *Very interesting and very worthwhile…I’ll be referencing The Future of Money for a long time. -- John Tamny * Forbes *For anyone who really wants to understand how [Bitcoin] works in all its technical splendor, there is no better introduction. -- Benjamin J. Cohen * Project Syndicate *An impressive overview of the many changes digital technologies have already wrought…A sweeping overview of developments in payments, from the specifics of Ant Group’s business to the e-krona project and Venezuela’s Petro…An engaging read. -- Jon Frost * Finance and Development *An eminently readable work that is accessible and smooth. From banks to cryptocurrencies to fintech, he gives a detailed crash course on the present and lays out breadcrumbs to an uncertain future. As Prasad says, only one thing is for sure, cash is on its way out. What the future holds remains to be seen. * The Week (India) *The book makes a significant contribution. It addresses many wider issues associated with digital currencies and digital finance. These issues include the potential effects on financial stability, the monetary transmission system, domestic and international payment systems, financial inclusion and inequality. It is impressive that so many topics are covered in an accessible manner…[An] excellent book. -- Carlo Cocuzzo and Ian Bright * Society of Professional Economists *Covers everything about digital money, finance, and fintech that anyone would need or want to know. -- Alex Lo * South China Morning Post *A wonderful introduction to, and reference for, the fast-changing world of electronic assets…Fun to read, provides lots of fascinating material for money and banking classes…The book is solid, but the future of privately provided e-money is not. -- Robert P. Flood * Journal of Economic Literature *An interesting and insightful exposition on the shifting landscape from traditional paper notes to digital currencies…The Future of Money provides readers with a window into some of the opportunities and challenges that lie ahead for the financial sector. -- Ronald L. Moy * Enterprising Investor *While written from the perspective of a central bank economist, the book is highly readable and accessible to those without formal training in monetary economics and policy. As it describes projects likely to become reality over the next five to ten years, The Future of Money is relevant for social science scholars interested in technology, digitalization, markets, and organizations. -- Alex Preda * Administrative Science Quarterly *This book offers valuable insights to understand the impact of digital currencies on monetary policy, commercial banks and financial stability. * Journal of Evolutionary Economics *

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Book SynopsisThe new European edition of Mankiw''s bestselling and highly readable text communicates the theories and models of macroeconomics in a concise and accessible way, with real-world examples, discussions and case studies. The text is fully updated with extensive coverage of the global financial crisis and in particular its impact on European economies.

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Book SynopsisTHE SUNDAY TIMES BESTSELLERHorrified by the current financial crisis? Want to learn how we might get out of it? This is a pivotal moment in our economy. With the markets in free-fall, financial challenges are growing for us all. A winter of inflation and spiralling energy costs looms. But it doesn't have to be this way. As former Governor for the Bank of England Mark Carney said to the BBC: The message from the financial markets is there's a limit to unfunded spending and unfunded tax cuts in this environment.'His book is essential reading for today's economic crisis and provides answers to your questions as well as solutions for the future.In Value(s), Carney offers a roadmap out of this chaos and towards a better, fairer society. This moment could be an opportunity for change, for overhaul. We cannot go on as we have, something must change. Drawing on a truly international perspective, this book offers a blueprint for how we can channel the dynamism of the market to transform intractTrade Review Winner of the Parliamentary Book Award for Best Political Book by a Non-Parliamentarian ‘This assault on the modern free market is a landmark achievement. It will help arm the best in business, finance and government and disarm the worst’WILL HUTTON, OBSERVER ‘A remarkably good read’Gillian Tett, FINANCIAL TIMES ‘A sweeping intellect … This is an important book’EVENING STANDARD ‘A stimulating read … offering hope that we can build a post-pandemic economy based on solid values’DAILY MAIL ‘This is an important book, deserving of a wide audience. We know things need to change and that we are in big trouble if we don’t’IRISH TIMES ‘A radical book that speaks out accessibly as to how we get everyone involved in solving our problems’BONO ‘Mark Carney’s indispensable new book asks how we can go from knowing the price of everything to understanding its true value … this is the essential handbook for 21st century leaders, policymakers and everyone who wants to build a fair and sustainable world’CHRISTINE LAGARDE ‘A roadmap to a fairer and more responsible, resilient world … This book is irradiated with the inspiring and critical conviction that money can be transformed into a tool of collective good’ANTONY GORMLEY ‘A fantastic read for anyone interested in the most pressing issues facing us. The need for a world of profit with better purpose is explained in such a clear and persuasive style. I hope it gets read by many people ‘JIM O’NEILL ‘Thought-provoking and readable… As societies struggle to rebuild solidarity in the post-Covid world, it will be an essential guide’RAGHU RAJAN ‘Mark Carney draws on his unique experience of running two central banks to offer original and thought provoking solutions to the world’s biggest challenges – from Covid to climate change’GORDON BROWN

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Book SynopsisReflecting the most update-to-date coverage of institutional changes within the European Monetary Union, the fourteenth edition of De Grauwe''s established textbook continues to encourage students to think critically about the sustainability of the Eurozone. The author uses an authoritative, concise and exciting approach to analyse theories and policies relating to monetary union, allowing students to develop a balanced understanding of different arguments and perspectives. Part One examines the implications of adopting a common currency while Part Two considers the problems associated with running a monetary union. Both parts analyse Europe''s experience and the issues faced by the European Central Bank.Case studies throughout the text provide rich, real life and qualitative examples to help students connect with the concepts and policies presented. Additionally, each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test thTrade ReviewThis is the best book in economics of the Monetary Union. It's well written and easy to follow by students * Soleiman Mohammadi Limaei, Senior Lecturer, Mid Sweden University *An outstanding example of how an applied economics text should be written. Comprehensive, clear, well-structured, and reflecting the latest theoretical and policy debates * Robert Ackrill, Professor of European Economics and Policy, Nottingham Trent University *The most updated and clear textbook that covers the challenges and prospects of the European Monetary Union * Giancarlo Ianulardo, Lecturer in Economics, University of Exeter *Table of ContentsPart 1: Costs and Benefits of Monetary Union 1: The costs of a common currency 2: The theory of optimum currency areas: a critique 3: The benefits of a common currency 4: Costs and benefits compared Part 2: Monetary Union 5: The fragility of incomplete monetary unions 6: The transition to a monetary union 7: How to complete a monetary union 8: Political economy of deconstructing the Eurozone 9: The European Central Bank 10: Monetary policy in the Eurozone 11: Fiscal policies in monetary unions 12: The euro and financial markets

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Book SynopsisThe study of macroeconomics can seem a daunting project. The field is complex and sometimes poorly defined and there are a variety of competing approaches. It is easy for the senior bachelor and starting master student to get lost in the forest of macroeconomics and the mathematics it uses extensively. Foundations of Modern Macroeconomics is a guide book for the interested and ambitious student. Non-partisan in its approach, it deals with all the major topics, summarising the important approaches and providing the reader with a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list. Using nothing more than undergraduate mathematical skills, it takes the student from basic IS-LM style macro models to the state of the art literature on Dynamic Stochastic General Equilibrium, explaining the mathematical tricks used where they are first introduced. Fully Trade ReviewReview from previous edition This book will be an extremely valuable addition to the reading list for core graduate macroeconomics courses. It provides a fair and balanced account of the different schools of macroeconomic thought and the current state of the discipline. A large number of topics are treated; the sections which cover technical material are particularly praiseworthy. The authors convey a sense of enthusiasm about the subject and show that macroeconomics can, indeed, be exciting * Professor John Fender, University of Birmingham *This is a good addition to the textbook market. The coverage of topics is comprehensive and it takes students from an intermediate to graduate level with commendable ease * Shaun Hargreaves Heap, University of East Anglia *A remarkably clear and coherent presentation of nearly all the analytical and conceptual tools one needs to be a good macroeconomist, from the short run to the long run, from simple to more complex models, from the closed to the open economy. An impressive tour de force. * Olivier Blanchard, Robert Solow Professor of Economics, Emeritus, MIT; Fred Bergsten Senior Fellow, Peterson Institute for International Economics *This wonderful book provides a balanced and accessible account of modern macroeconomic theory. Both neoclassical and New Keynesian theories are presented in a consistent framework. Graduate students as well as advanced undergraduate students will find it an invaluable source of information. * Dirk Krueger, Professor, Department of Economics, University of Pennsylvania *This textbook fills a much needed gap between standard intermediate macro textbooks and the more advanced ones used in Ph.D training. It takes the student by the hand to lift them out of IS-LM and introduce them gently to the tools used in todays macroeconomic research. * Professor David de la Croix, Professor of Economics, Université catholique de Louvain *Table of ContentsINTERMEDIATE MACROECONOMICS; TOWARDS ADVANCED MACROECONOMICS; STOCHASTIC GENERAL EQUILIBRIUM MACROECONOMICS; MATHEMATICAL APPENDIX

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Book SynopsisStudents in economics are ever more distressed by the disconnect between mainstream economics and the real world. This book shows how post-Keynesian economics constitutes a coherent heterodox alternative, based on realistic assumptions and the integration of the financial and real sides of the economy, with an emphasis on the many paradoxes that arise in a truly macroeconomic analysis.The book is a considerably revised and updated version of the widely used and frequently cited 2014 edition. It provides a comprehensive account of post-Keynesian theory and policy. Topics covered include its methodological foundations, consumer theory and choice under fundamental uncertainty, firms and pricing, money and credit, effective demand and employment, growth theory, open-economy issues, inflation theory. It also links with ecological economics. Scholars of economics, particularly post-Keynesian and heterodox economists, will find this comprehensive look at the field a necessary addition to their libraries, while students and instructors will find it a perfect text for any class on post-Keynesian economics.Trade ReviewWinner of the EAEPE Myrdal Prize (now the Joan Robinson Prize)‘Marc Lavoie’s thoroughly revised Post-Keynesian Economics provides an irrefutable critique of mainstream economics, which is becoming ever more recondite and irrelevant. But the book does much more, offering the clear prospect of an intellectual renewal of both micro- and macroeconomics, firmly founded on realistic assumptions relevant for a world of fundamental uncertainty and integrating finance and the real economy. Lavoie’s Post-Keynesian Economics, unparalleled in its coverage of establishment and post-Keynesian micro- and macroeconomics, is a work of lasting importance. An amazing feat.’ -- Servaas Storm, Delft University of Technology, the NetherlandsAcclaim for the first edition:‘I am delighted to have been invited to present a discussion of Marc Lavoie’s Post-Keynesian Economics: New Foundations. I was contemplating whether to give my short review, “it’s a brilliant book, you must buy it”, or my longer and more considered review, “it’s a brilliant book, you must buy it and I wish I had written it!” . . . It is a book every economist should have on his (or her) shelf, placed within easy reach.’ -- John McCombie, European Journal of Economics and Economic Policies: InterventionTable of ContentsContents: Notation used in the book Preface to the Second Edition 1. Essentials of heterodox and post-Keynesian economics 2. Theory of choice 3. Theory of the firm 4. Credit, money and central banks 5. Effective demand and employment 6. Accumulation and capacity 7. Open-economy macroeconomics 8. Inflation theory 9. Concluding remarks References Index

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Book SynopsisThey say John Maynard Keynes called gold a ''barbarous relic''. They say there isn''t enough gold to support finance and commerce.They say the gold supply can''t increase fast enough to support world growth.They''re wrong.In The New Case for Gold, James Rickards explains why gold is one of the safest assets for investors in times of political instability and market volatility, and how every investor should look to add gold to his or her portfolio. Drawing on historical case studies, monetary theory and his personal experience as an investor, Rickards argues that gold should be a part of any prudent investor''s portfolio.James Rickards is the bestselling author of Currency Wars and The Death of Money. He is a portfolio manager at West Shore Group and an adviser on international economics and financial threats to the Department of Defence and the US intelligence community. He served as facilitator of the first-ever financial war games conducted by the Pentagon.Trade ReviewExcellent ... Rickards makes a compelling case for why those looking for a way to protect themselves and their families from economic chaos created by central bankers should consider gold.James Rickards gifts us once again with his clarity of prose, depth of experience and sound analysis ... An illuminating, original argument for gold as a critical contender in today's money games. The most important book on gold yet.We can't trust the Federal Reserve to do the honest work that Jim Rickards has done in writing this book ... Essential reading.

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Book Synopsis''This book has had an enormous impact'' Satya Nadella, CEO, Microsoft''Spectacular. Mind-blowing in its expansiveness and profundity'' Steve Wozniak, co-founder of Apple''Iconic'' Clay Christensen, author of The Innovator''s DilemmaCryptocurrencies are changing the world. They grant everyday people the power to invest, disrupt the world order and contribute towards a better future.Blockchain is the ingeniously simple technology that powers cryptos. It is a public ledger to which everyone has access, but which no single person or institution controls. It allows for companies and individuals to collaborate with an unprecedented degree of trust and transparency. It is cryptographically secure, but fundamentally open. And it is everywhere.In Blockchain Revolution, Don and Alex Tapscott reveal: how this game-changing technology is re-shaping the global economy how it is improving everything from healthcare records to online voting how people everywhere are using it to side-step institutional barriers and take control of their futureBrilliantly researched and highly accessible, this is the essential text on this major paradigm shift. Read it, or be left behind.Trade ReviewWhat a spectacular book. Mind-blowing in its expansiveness and profundity. It makes me think we're at one of those times in technological, economic and social history where the sky is the limit -- Steve Wozniak * co-founder of Apple Computer and Chief Scientist at Prime Data *The Tapscotts have written the book, literally, on how to survive and thrive in this next wave of technology-driven disruption. Likely to become one of the iconic books of our time -- Clay Christensen * Professor of Business Administration, Harvard Business School and author of The Innovator's Dilemma *Occasionally a book comes along that changes the global discourse. This is likely to be one of those books. Blockchains are at the heart of the fourth industrial revolution and the Tapscotts lucidly explain why and how to capture the opportunity and avoid dangers -- Klaus Schwab * founder and executive chairman of the World Economic Forum *A carefully researched and beautifully written book. Blockchain Revolution argues that the 'Internet of value' will transform our lives. A must-read for our disruptive times -- Dominic Barton * Global Managing Director at McKinsey & Company *Don and Alex brilliantly illuminate the technology that could profoundly impact the way we manage issues of trust, security and privacy for years to come -- Indra Nooyi * Chairman and CEO of PepsiCo *The great missing element in the Internet has been a 'trust protocol', a way of knowing that a transaction is verified and authentic. Blockchain technology could provide a foundation for that. It's a revolutionary idea and this lucid book explains why -- Walter Isaacson * Author of Steve Jobs *A masterpiece. Gracefully dissects the potential of blockchain technology to take on today's most pressing global challenges -- Hernando De Soto * Economist and President at the Institute for Liberty and Democracy in Peru *The blockchain is to trust as the Internet is to information. Like the original Internet, blockchain has potential to transform everything. Read this book and you will understand -- Joichi Ito * Director of MIT Media Lab *In this extraordinary journey to the frontiers of finance, the Tapscotts shed new light on the blockchain phenomenon and make a compelling case for why we all need to better understand its power and potential -- Dave McKay * President and CEO of the Royal Bank of Canada *Deconstructs the promise and peril of the blockchain in a way that is at once accessible and erudite. Blockchain Revolution gives readers a privileged sneak peak at the future -- Alec Ross * Author of The Industries of the Future *If ever there was a topic for demystification, blockchain is it. Together, the Tapscotts have achieved this comprehensively and in doing so have captured the excitement, the potential and the importance of this topic to everyone -- Blythe Masters * CEO of Digital Asset Holdings *This is a book with the predictive quality of Orwell's Nineteen Eighty-Four and the vision of Elon Musk. Read it or become extinct -- Tim Draper * Founder of Draper Associates, DFJ and Draper University *Blockchain is a radical technological wave and, as he has done so often, Tapscott is out there, now with son Alex, surfing at dawn. It's quite a ride -- Yochai Benkler * Berkman Professor of Entrepreneurial Legal Studies, Harvard Law School *If you work in business or government, you need to understand the blockchain revolution. No one has written a more thoroughly researched or engaging book on this topic than Tapscott and Tapscott -- Erik Brynjolfsson * Professor at MIT and co-author of The Second Machine Age *An indispensable and up-to-the-minute account of how the technology underlying bitcoin could - and should - unleash the true potential of a digital economy for distributed prosperity -- Douglas Rushkoff * author of Present Shock and Throwing Rocks at the Google Bus *Technological change that used to develop over a generation now hits us in a relative blink of the eye, and no one tells this story better than the Tapscotts -- Eric Spiegel * President and CEO of Siemens USA *Few leaders push us to look around corners the way Don Tapscott does. With Blockchain Revolution he and his son Alex teach us, challenge us and show us an entirely new way to think about the future -- Bill McDermott * CEO of SAP SE *Blockchain Revolution is a brilliant mix of history, technology and sociology that covers all aspects of the blockchain protocol - an invention that in time may prove as momentous as the invention of printing -- James Rickards * author of Currency Wars and The Death of Money *Blockchain Revolution serves as an atlas to the world of digital money, masterfully explaining the current landscape while simultaneously illuminating a path forward toward a more equitable, efficient and connected global financial system -- Jim Breyer * CEO of Breyer Capital *Blockchain Revolution is the indispensable and definitive guide to this world-changing technology -- Jerry Brito * Executive Director of Coin Center *Incredible. Really incredible. The Tapscotts' examination of the blockchain as a model for inclusion in an increasingly centralised world is both nuanced and extraordinary -- Steve Luczo * Chairman and CEO of Seagate Technology *Makes a powerful case for blockchain's ability to increase transparency but also ensure privacy. In the authors' words 'The Internet of Things needs a Ledger of Things' -- Chandra Chandrasekaran * CEO and Managing Director of Tata Consultancy Services *The epicentre of trust is about to diffuse! The definitive narrative on the revolutionary possibilities of a decentralised trust system -- Frank D'Souza * CEO of Cognizant *Identifies a profound new technology movement and connects it to the deepest of human needs: trust. Thoroughly researched and provocatively written. Every serious businessperson and policy maker needs to read Blockchain Revolution -- Brian Fetherstonehaugh * Chairman and CEo of OgilvyOne Worldwide *This book has had an enormous impact on the evolution of blockchain in the world -- Satya Nadella * CEO, Microsoft Corporation *A thorough, balanced and enlightening guide to the next big thing. -- John Gapper * Financial Times *The Tapscotts have written the book, literally, on how to survive and thrive in this next wave of technology-driven disruption. Likely to become one of the iconic books of our time. -- Clay Christensen, Harvard Business SchoolWhat a spectacular book. Mind-blowing in its expansiveness and profundity. It makes me think we're at one of those times in technology, economic and social history where the sky is the limit. -- Steve Wozniak, co-founder of AppleThe blockchain is one of the most fundamental inventions in the history of computer science. Read Blockchain Revolution to understand its profound implications. -- Marc Andreessen, co-founder, Netscape and Andreessen HorowitzBlockchain Revolution is a highly readable introduction to a bamboozling but increasingly important field * Guardian *Occasionally a book comes along that changes the global discourse. This is likely to be one of those books. Blockchains are at the heart of the Fourth Industrial Revolution and the Tapscotts lucidly explain why and how to capture the opportunity and avoid the dangers. -- Klaus Schwab, Founder and Executive Chairman, World Economic ForumA carefully researched and beautifully written book. Blockchain Revolution argues that the "internet of value" will transform our lives. A must-read book for our disruptive times. -- Dominic Barton, Global Managing Director, McKinsey & CompanyDon and Alex brilliantly illuminate the technology that could profoundly impact the way we manage issues of trust, security and privacy for years to come. -- Indra Nooyi, Chairman & CEO, PepsiCoThe great missing element in the Internet has been a "trust protocol", a way of knowing that a transaction is verified and authentic. Blockchain technology could provide a foundation for that. It's a revolutionary idea, and this lucid book explains why. -- Walter Isaacson, Author of The Innovators and President and CEO of the Aspen InstituteIn clear, engaging prose, this richly sourced book overflows with entertaining examples of how blockchain could enhance our lives * Oxford Economics *

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Book SynopsisShortlisted for the Financial Times and McKinsey Business Book of the Year AwardA New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age.Digital Gold is New York Times reporter Nathaniel Popper''s brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement.The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet. Believers from Beijing to Buenos Aires see the potential for a financial system free from banks and governments. More than just a tech industry fad, Bitcoin has threatened to decentralize some of society''s most basic institutions.An unusual tale of group invention, Digital Gold charts the rise of the Bitcoin technology through the eyes of the movement''s colorful central characters, including an Argentinian millionaire, a Chinese entrepreneur, Tyler and Cameron Winklevoss, and Bitcoin''s elusive creator, Satoshi Nakamoto. Already, Bitcoin has led to untold riches for some, and prison terms for others.Trade ReviewLively and thorough... a vivid guide to the characters who met online and built bitcoin -- John Gapper * Financial Times *An amazing story... crucial reading for anyone who wants to understand the future -- Walter Isaacson, author of The InnovatorsAn elegant, thrilling tour-de-force, the fast-paced action never stops in the ongoing quest to create something the world has never seen before -- William D. Cohan, author of House of CardsA highly readable and informative account of the early years of a technology-cryptocurrency-that may one day turn out to be almost as significant as the internet itself... a tech thriller -- John Naughton * Observer *

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Book SynopsisA History of Money looks at how money as we know it developed through time. Starting with the barter system, the basic function of exchanging goods evolved into a monetary system based on coins made up of precious metals and, from the 1500s onwards, financial systems were established through which money became intertwined with commerce and trade, to settle by the mid-1800s into a stable system based upon Gold. This book presents its closing argument that, since the collapse of the Gold Standard, the global monetary system has undergone constant crisis and evolution continuing into the present day.

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Book SynopsisAn accessible guide to trading the fast-moving foreign exchange market The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field. Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today''s biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs. Explains the forces that drive currencies and provides strategies to profit from them Reveals how you can use various currencies to reduce risk and take advantage of global trenTable of ContentsIntroduction xi Chapter One When Lightning Strikes 1 Chapter Two Rubles and Bahts and Euros—Oh, My! 19 Chapter Three The A to Zs of Forex 35 Chapter Four Step Right Up 53 Chapter Five Movers and Shakers 63 Chapter Six The Investor versus the Trader 77 Chapter Seven What All Winners Do 89 Chapter Eight So You’re an Investor? 105 Chapter Nine So You’re a Trader? 119 Chapter Ten Risky Business 133 Chapter Eleven The Top 10 Mistakes 145 Chapter Twelve Greetings from Nigeria, Please Help! 157 Chapter Thirteen Getting Down to Business 169 Chapter Fourteen Crash, Burn, and Learn 181 Chapter Fifteen Start Smart 193 Author’s Disclaimer 197

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Book SynopsisSteve Forbes, Nathan Lewis, and Elizabeth Ames reveal what is behind the inflationary storm that is wreaking havoc on American pocketbooks.Inflation: What It Is, Why It?s Bad, and How to Fix Itexplains what?s behind the worst inflationary storm in more than forty years?one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970?s-style ?Great Inflation.? Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?Inflationanswers these and other questions in an engaging discussion that draws on the singular expertise of Steve Forbes, chairman of Forbes Media, acclaimed for his insights on money and the economy; Nathan Lewis, internationally renowned expert on money and taxation; and author and journalist Elizabeth Ames.The authors say that today?s problems can be solved by discarding longstanding beliefs that helped bring on the current crisis. They include the notion that central banks can create prosperity through artificially creating money ?out ofthin air,? andalso that economic ?stability? requires ?a little inflation.? Such ideas for decades have been Holy Writ in official Washington.Inflationshows why they are misguided. The book also explains why the current rage for heedless money-printing advocated by left-wing advocates of so-called Modern Monetary Theory is likely to lead the nation?and the world?down the road to disaster.Packed with examples from the headlines and from historyInflationis a unique, real-world exploration of the subject that addresses everyday concerns of Americans under siege by rising prices, including steps you should take to protect your wealth.Inflationis essential reading for everyone seeking to navigate these tumultuous times.

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Book SynopsisSince its hardcover publication in August of 1995, Buffett has appeared on the Wall Street Journal, New York Times, San Francisco Chronicle, Los Angeles Times, Seattle Times, Newsday and Business Week bestseller lists.Starting from scratch, simply by picking stocks and companies for investment, Warren Buffett amassed one of the epochal fortunes of the twentieth century—an astounding net worth of $10 billion, and counting. His awesome investment record has made him a cult figure popularly known for his seeming contradictions: a billionaire who has a modest lifestyle, a phenomenally successful investor who eschews the revolving-door trading of modern Wall Street, a brilliant dealmaker who cultivates a homespun aura.Journalist Roger Lowenstein draws on three years of unprecedented access to Buffett’s family, friends, and colleagues to provide the first definitive, inside account of the life and career of this American original. Bu

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Book SynopsisTrade ReviewWinner of the 2017 PROSE Award in Economics, Association of American Publishers Selected for Canada's Financial Post Best Personal Finance and Economics Books of 2016 One of Financial Times (FT.com) Best Economics Books of 2016 One of Bloomberg's Best Books of 2016 Longlisted for the Financial Times and McKinsey Business Book of the Year 2016 "In a brilliant and lucid new book, The Curse of Cash, the Harvard economist Kenneth Rogoff gives a fascinating and thorough account of the argument against cash."--John Lanchester, New York Times Magazine "An excellent book on the history and the origins of cash, which also goes into much depth on the issue of cash constraining monetary policy."--Jon Hartley, Forbes.com "The great accomplishment of his book is that his arguments are convincing... It's clear and coherent, and even if you disagree with him in the end, chances are you'll think a little bit differently about something of which most of us give no thought whatsoever."--Bethany McLean, Washington Post "[A] fascinating economic manifesto... [The Curse of Cash] is an absorbing exploration of the uses, and misuses, of currency, and its intractability in controlling modern economies."--Publishers Weekly "Economist Rogoff, the former chief economist of the International Monetary Fund, offers a detailed case for eliminating paper money... For both the elimination of paper money and the employment of negative interest rates to combat deflationary recessions, Rogoff painstakingly presents both the advantages and the drawbacks... Provocative."--Library Journal "In a witty new book, The Curse of Cash, economist Kenneth Rogoff argues the human race would be better off without paper money. He's onto something."--Hiawatha Bray, Boston Globe "[The Curse of Cash] makes the case for encouraging the U.S. government to drastically scale back on $100 bills in circulation. The book ... offers a thought-provoking theory for phasing out paper money, not eliminating it."--Susan Tompor, Detroit Free Press "Meticulously written, [The Curse of Cash] covers everything needed for such a monetary reform. But the book is not excessively polemical. Rogoff details almost all the arguments against tinkering with paper currency, then labors to refute or defuse them."--Peter Garber, Finance & Development "Rogoff is always worth listening to... Where Rogoff is on very solid ground is when he says the process of weaning us further off cash should begin with the abolition of high-denomination notes."--David Smith, Sunday Times "Rogoff makes a compelling case for the crime-fighting power of his idea."--David Nicklaus, St. Louis Post Dispatch "[Rogoff] understands that getting rid of cash ... is not exactly an easy sell. So Rogoff builds the case against cash, loading up on all the things wrong with paper money... Rogoff's case against cash is so cogently argued that it's hard to believe that we haven't already gotten rid of paper bills and coins--or at least larger bills."--Mark Gimein, Strategy+Business.com "An illuminating, provocative and fact-packed work that does make you wonder why on earth we allow so much cash to slosh around. It also exposes some well-worn pub truths as urban myths."--Patrick Hosking, The Times "Ken Rogoff, the Harvard economist, who argues in [his] new book that we should start to phase out cash is, for me, on the money."--Ben Chu, Independent "This book is a rare bird indeed: accessible, absorbing and often deadpan funny."--Brian Bethune, Maclean's "The idea is not as crazy as it may sound. In a recent book, The Curse of Cash, Rogoff, says boring old paper (or plastic, in our case) bank notes are a major barrier to monetary policy--changing interest rates--fulfilling its potential. The book ... is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk."--Clancy Yeates, Sydney Morning Herald "[The Curse of Cash] is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk."--Clancy Yeates, Sydney Morning Herald "Lively and clearly written."--Geoffrey Wood, Central Banking Journal "Recommended for readers who seek a greater understanding of negative interest rates and the possibility of eliminating cash."--Choice "You may not have any in your wallet, but $100 bills make up an astonishing 80 percent of the U.S. currency in circulation. In his new book, The Curse of Cash, Kenneth Rogoff ... proposes a plan to phase out most paper currency in the United States and other economically advanced nations, keeping only low-denomination notes to create what he terms a 'less-cash' society."--MIT Technology Review "Like a chess player playing many opponents simultaneously, Rogoff views 'the curse of cash' through several prisms, and offers a compelling rationale of the merits of a 'less cash' economy."--Venky Vembu, The Hindu "The Curse of Cash is a well-argued book and Rogoff is a good economist."--Pierre Lemieux, Regulation,Table of ContentsPreface ix Chapter 1: Introduction and Overview 1 PART I: The Dark Side of Paper Currency: Tax and Regulatory Evasion, Crime, and Security Issues Chapter 2: The Early Development of Coins and Paper Currency 15 Chapter 3: Size and Composition of Global Currency Supplies, and the Share Held Abroad 31 Chapter 4: Holdings of Currency in the Domestic, Legal, Tax-Paying Economy 48 Chapter 5: Currency Demand in the Underground Economy 58 Chapter 6: Seigniorage 80 Chapter 7: A Plan for Phasing Out Most Paper Currency 92 PART II: Negative Interest Rates Chapter 8: The Cost of the Zero Bound Constraint 119 Chapter 9: Higher Inflation Targets, Nominal GDP, Escape Clauses, and Fiscal Policy 147 Chapter 10: Other Paths to Negative Interest Rates 158 Chapter 11: Other Possible Downsides to Negative Nominal Policy Rates 175 Chapter 12: Negative Interest Rates as a Violation of Trust and a Step Away from Rule-Based Systems 182 PART III: International Dimensions and Digital Currencies Chapter 13: International Dimensions to Phasing Out Paper Currency 199 Chapter 14: Digital Currencies and Gold 208 Final Thoughts 217 Acknowledgments 221 Appendix 225 Notes 233 References 257 Index 273

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Book Synopsis''The Brussels Commission has just suspended its senior economist, Bernard Connolly, for writing a book savaging the prospects for a common currency. There are many who now believe he should be lauded as a prophet.'' Observer, Editorial, 1 October 1995''Mr. Connolly''s longstanding proposition that the foisting of a common currency upon so many disparate nations would end in ruin is getting a much wider hearing...'' New York Times, 17 November 2011When first published in 1995, The Rotten Heart of Europe caused outrage and delight - here was a Brussels insider, a senior EU economist, daring to talk openly about the likely pitfalls of European monetary union. Bernard Connolly lost his job at the Commission, but his book was greeted as a profound and persuasive expose of the would-be ''monetary masters of the world.'' His brave act of defiance became headline news - and his book a major international bestseller

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Book SynopsisAcclaim for the first edition:'Peter Bernholz's book brings together his comprehensive studies of inflation from the fourth century to the present, showing their common elements and their differences. This is an impressive work that bankers, central bankers, economists and laymen can read with pleasure and profit. I recommend it highly.'- Allan H. Meltzer, The Hoover Institution, StanfordExploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of political systems and economic relationships, as well as the importance of different monetary regimes in containing them. The differences for the possible size of inflations among monetary regimes like metallic currencies, the gold standard and fiat paper money are discussed. It is shown that huge budget deficits of government have been responsible for all hyperinflations. This revised second edition debates whether a growth of the money supply exceeding that of real Gross Domestic Production is a necessary or sufficient reason for inflation and also includes a new concluding chapter, which explores the long-term tendencies to create, maintain and abolish inflation-stable monetary regimes. Moreover, the conditions for long-term inflation-stable monetary regimes in history are explored.By surveying thirty hyperinflations, Peter Bernholz demonstrates that certain economic traits have been stable characteristics of inflations over the centuries, and illustrates their causes. He also examines the consequences of high inflations for unemployment, the distortions between relative prices and the political conditions that allow a return to stable monetary regimes after high inflations, given the inflationary tendencies of political systems.This book will appeal to a wide-ranging audience, including students, economists, historians, political scientists and sociologists looking to improve their knowledge of monetary regimes and inflation. Bankers, businessmen and politicians attempting to solve the problems caused for them by inflation, will also find this to be a useful read.Trade Review'What makes this book so special is the interaction of historical detail, innovative economic analysis and public choice theory. A wealth of historical evidence, both institutional and quantitative, is used to illustrate key hypotheses from monetary theory and political economy and draw important lessons for public policy. Not only is inflation shown to be a monetary phenomenon but the monetary regime itself is explained by political institutions and events.' --Roland Vaubel, Universitat Mannheim, GermanyTable of ContentsContents: Preface 1. Introduction 2. Inflation and Monetary Regimes 3. Inflation under Metallic Monetary Regimes 4. Moderate Paper Money Inflations 5. Characteristics of Hyperinflations 6. Currency Competition, Inflation, Gresham’s Law and Exchange Rate 7. Ending Mild or Moderate Inflations 8. Currency Reforms Ending Hyperinflations 9. Forces Establishing, Maintaining and Eroding Stable Monetary Regimes Appendix Index

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Book SynopsisThe foreign exchange market is the largest and most liquid financial market in the world. In recent years its volatility has been especially pronounced, which has posed problems for investors, companies and governments attempting to manage their economies. The management of exchange rates has become integral to economic performance and to the political landscape. 'Foreign Exchange, The Complete Deal', part of Harriman House's Applied Essentials series, is a comprehensive guide to this broad and exciting market, and how it is traded. James Sharpe, a foreign exchange practitioner with more than 30 years' experience, unravels the important features of the Forex market to give a clear understanding of the issues and processes involved in foreign exchange transactions. This book begins with an exploration of the historical and theoretical background to the markets as they exist today. The transition from a fixed exchange rate system to a floating system is examined and insight is given on the processes that determine exchange rates and how the system employed impacts government policy.There is also a detailed section about the influence interventions by central banks have on the market.The focus then moves to foreign exchange in practice, the core of the book. Topics covered include: - The range of foreign exchange transactions available - including spot, forward, broken date, non-deliverable forwards (NDFs), swaps and options - and how they can be used, with clear worked examples - How foreign exchange prices are quoted; bid-offer spreads; pips - How foreign exposures are hedged - How banks and dealers cover their exposure in the market and make profits - A discussion of tools that are used to analyse the market, including technical analysis - Factors that influence foreign exchange prices on a daily basis including a detailed look at liquidity - How professional traders analyse markets and provide a blueprint for professional trading - How best to choose and manage the relationship with foreign exchange providers This is an indispensable guide for those who need to understand more about the commercial realities of currency trading and hedging, providing a clear and thorough explanation of the complete world of foreign exchange.Table of ContentsPreface 1. Exchange Rate Systems: From Fixed to Floating, and Chaos - Fixed exchange rates - Floating exchange rates - Conclusion - Foreign exchange and the UK - 1960 to the 2000s 2. Central Banks and Foreign Exchange Intervention - What is foreign exchange intervention? - Intervention and monetary policy - The efficacy of intervention - Conclusion 3. The Basics of Foreign Exchange - A definition of foreign exchange - The foreign exchange market 4. The Theory of Foreign Exchange: How Exchange Rates are Determined - Exchange rates and supply and demand - The effect of exchange rates on an economy - Interest rate parity (IRP) - Purchasing power parity (PPP) - Currencies overshooting their expected levels - Rudiger Dornbusch 5. Foreign Exchange in Practice - Price quotations - How dealers cover their exposure - Orders - How to calculate trading profits and losses - Recording a trade - Rules when making foreign exchange transactions 6. Types of Foreign Exchange Transactions 1. Spot 2. Forward outright 3. Broken date contracts 4. Non-deliverable forward (NDF) 5. Swap 6. Forward/forwards 7. Algorithmic trading 8. Options 7. Predicting the Future: Technical Analysis and FX Forecasting - Technical analysis and the foreign exchange markets - Forecasting the foreign exchange markets 8. Psychology and Foreign Exchange - Group behaviour - Overconfidence - Overreaction - Attitude to risk - Attitude to rules 9. Influences on Foreign Exchange Markets - Economic data - Impact of central bank intervention - Breach of technical levels - Seasonal price analysis - Dramatic events - Market intelligence 10. A Blueprint for Trading - Before, during and after the trade - Managing losses - Investment vs. Speculation 11. Liquidity - Assessing liquidity - When liquidity disappears - The carry trade and Torschlusspanik (door shut panic) 12. Hedging Currency Exposure - Overview of hedging - Sources of exposure - The hedging process - Impact of hedging - Currency overlay - Conclusion 13. The Management of Dealing - Risks - Dealing limits at banks - Monitoring forward foreign exchange exposure 14. Dealing with Banks and Financial Institutions - The provider should be financially strong - The provider should be operationally strong - Check the bank can supply the product and service you require - Dealing mandate - Foreign exchange limits - Understanding what is on offer - Agreements - Banks dealing with customers Afterword Appendices Appendix 1. Foreign exchange solutions in brief Appendix 2. A simple guide to technical analysis Glossary Bibliography Index

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Book SynopsisPraise for Foreign Exchange Tim Weithers starts by telling the reader that foreign exchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that money is much more exciting than anything it buys. This useful book is a whirlwind tour of the world''s largest market, and the tour guide is an expert storyteller, inserting numerous fascinating insights and quirky facts throughout the book. -John R. Taylor, Chairman, CEO and CIO, FX Concepts The book reflects the author''s doctorate from the University of Chicago, several years'' experience as an economics professor, and, most recently, a very successful decade as an executive at a huge international bank. These fundamental ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew. -Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College In this book, TimTable of ContentsPreface. Acknowledgments. CHAPTER 1: Trading Money. Introduction. Trading Money. The Roles Money Plays. The Major Currencies. Some Interesting Questions. Appendix: Countries, Currencies, and ISO Codes. CHAPTER 2: Markets, Prices, and Marketmaking. What Is a “Market”? What Is a “Price”? Buyers and Sellers. Marketmaking. Summary. CHAPTER 3: Interest Rates. What Are “Interest Rates”? Inflation. Day Count or Day Basis. Compounding. Discounting. Types of Interest Rates. Interest Rates in the Real World. CHAPTER 4: Brief History of Foreign Exchange. Historical Background. The FX Markets Today. The Regulatory Environment and Central Bank Intervention. Summary. CHAPTER 5: The Foreign Exchange Spot Market. The Spot Market. Spot FX Quoting Conventions. Economic Interpretation. Purchasing Power Parity. Cross Rates and Triangular Arbitrage in the Spot Market. The Bid–Ask Spread in Foreign Exchange. Timing. Settlement. Market Jargon. “The Best Arbitrage Around!” CHAPTER 6: Foreign Exchange Forwards. Introduction to Forwards and Forward Pricing. Foreign Exchange Forwards and Forward Pricing. Interest Rate Parity (Covered Interest Arbitrage). FX Spot–Forward Arbitrage. FX Forward Price Quotes and Forward Points. Timing. Off-Market Forwards. Foreign Exchange Forwards in the Real World. CHAPTER 7: Foreign Exchange Futures. Background. Futures versus Forwards. Foreign Exchange Futures Contract Specifications. Margin. Why Use Futures? Options on FX Futures. Summary. CHAPTER 8: Foreign Exchange Swaps or Cross-Currency Swaps or Cross-Currency Interest Rate Swaps or . . . . Introduction. FX Spot-Forward Swaps. Cross-Currency Swaps or FX Cross-Currency Interest Rate Swaps or FX Bond Swaps. Summary. CHAPTER 9: Foreign Exchange Options. Option Basics. Equity Options. Put-Call Parity with Equity Options. In-the-Money, At-the-Money, and Out-of-the-Money. Theoretical Option Value and Option Risk Measures (“The Greeks”). Foreign Exchange Options. Put-Call Parity in Foreign Exchange. Perspective Matters. FX Option Premium. Volatility. Uses and Strategies. Appendix: Theoretical Option Valuation. The Binomial Model. The Black–Scholes/Garman–Kohlhagen Model. The Garman–Kohlhagen Option Risk Measures or “Greeks”. CHAPTER 10: Exotic Options and Structured Products. What Is an Exotic Option? Nonstandard Options. Digital or Binary Options. Barrier Options. Other Exotic Options. FX-Linked Notes. CHAPTER 11: The Economics of Exchange Rates and International Trade. Money versus Currency. Types of FX Exposures. Fixed versus Floating Exchange Rates. Implications of Monetary Policy. Trade Deficits: A Curse or a Blessing. Politics and Economics. CHAPTER 12: Currency Crises. The End of Bretton Woods. Bankhaus Herstatt. The ERM Crisis of 1992. The Asian Crisis of 1997. The Russian Crisis of 1998. The Turkish Lira Crisis of 2001. The Argentinean Peso Crisis of 2002. Summary. CHAPTER 13: Technical Analysis. Introduction. What Is Technical Analysis? Methods of Technical Analysis. Technical Analysis in Foreign Exchange. Technical Analysis Today. Summary. CHAPTER 14: Where Do We Go From Here? CHAPTER 15: Conclusion. APPENDIX. Precious Metals. Answers to the Chapter Exercises. Notes. References. About the Author. Index.

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Book Synopsis“If you’re interested in the revolutionary transformation of the meaning and use of money, this is the book to read!”—Charles R. SchwabCultural anthropologist Jack Weatherford traces our relationship with money, from primitive man’s cowrie shells to the electronic cash card, from the markets of Timbuktu to the New York Stock Exchange. The History of Money explores how money and the myriad forms of exchange have affected humanity, and how they will continue to shape all aspects of our lives—economic, political, and personal. “A fascinating book about the force that makes the world go round—the dollars, pounds, francs, marks, bahts, ringits, kwansas, levs, biplwelles, yuans, quetzales, pa’angas, ngultrums, ouguiyas, and other 200-odd brand names that collectively make up the mysterious thing we call money.”—Los Angeles Times

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Book SynopsisHave you ever wondered why we can afford to buy far more clothes than our grandparents ever could . . . but may be less likely to own a home in which to keep them all? Why your petrol bill can double in a matter of months, but it never falls as fast?; Behind all of this lies economics.; It's not always easy to grasp the complex forces that are shaping our lives. But by following a dollar on its journey around the globe, we can start to piece it all together.; The dollar is the lifeblood of globalisation. Greenbacks, singles, bucks or dead presidents: call them what you will, they are keeping the global economy going. Half of the notes in circulation are actually outside of the USA - and many of the world's dollars are owned by China.; But what is really happening as our cash moves around the world every day, and how does it affect our lives? By following $1 from a shopping trip in suburban Texas, via China's central bank, Nigerian railroads, the oilfields of Iraq and beyond, The Almighty Dollar reveals the economic truths behind what we see on the news every day. Why is China the world's biggest manufacturer - and the USA its biggest customer? Is free trade really a good thing? Why would a nation build a bridge on the other side of the planet?; In this illuminating read, economist Dharshini David lays bare these complex relationships to get to the heart of how our new globalised world works, showing who really holds the power, and what that means for us all.Trade Review"A brilliant book ... everyone should buy it because it's very, very readable" - Iain Dale, LBC; "Original and engaging ... If you've ever wondered what globalisation is and why people get so passionate about it then I can think of no better guide. Economics can be fascinating and accessible. This book is proof" - Joel Hills, Business Editor, ITV News; `Brilliantly revealing' - Ian King, business presenter, Sky News, and Times columnist; `Readable and illuminating' - The BooksellerTable of ContentsContents; Introduction 1; 1 Worshipping at the temple of low prices and endless offers: The USA to China 15; 2 Making - and working - the global red carpet: China 41; 3 Finding love in the Niger Delta: China to Nigeria 65; 4 Spicing up the recipe for success: Nigeria to India 89; 5 The dark price of black gold: India to Iraq 119; 6 Funding the means of destruction: Iraq to Russia 143; 7 The trials of a blended family: Russia to Germany 169; 8 A bad day at work for the Masters of the Universe: Germany to the UK 195; 9 Feeding the addiction: The UK to the USA 221; Further reading 251; Acknowledgements 255; Index 257

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Book SynopsisThe People's Money introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Paola Subacchi shows that the key to understanding China's economic predicament lies in past and future strategies for the renminbi.Trade ReviewPaola Subacchi brings a wealth of knowledge of China's economy and politics to this fascinating and informative exploration of China's currency, considering how the economic giant will develop its 'renminbi strategy' and take its proper place on the world's financial stage at a time of instability, economic slowdown, and domestic social tension. -- Diane Coyle, The Enlightened Economist, and author of GDP: A Brief but Affectionate HistoryPaola Subacchi clearly had access to a remarkable depth and breadth of people in writing this book, and the insights she has drawn from those conversations and from her experience with this key topic make this well worth reading for anyone interested in understanding the history of the renminbi—and its possible future. -- Jim O'Neill, UK Commercial Secretary to the TreasuryChina's attempt to create an international role for its currency, the renminbi, speaks to its geopolitical ambitions, financial reform efforts, and economic growth prospects alike. In this important book, Paola Subacchi uses renminbi internationalization as a window onto these larger questions about China's economic, financial, and political future. Her analysis is engaging and accessible; it will appeal to specialists and nonspecialists alike. -- Barry Eichengreen, author of Hall of Mirrors: The Great Depression, the Great Recession, and the Uses–and Misuses–of HistoryThe People's Money may be the most detailed and comprehensive English-language account so far of China's efforts to pursue the internationalization of the renminbi. In this balanced and deeply-informed narrative, Paola Subacchi details the progress made—and the problems encountered—as the Chinese leadership strives to increase the global appeal of the renminbi. -- Yu Yongding, former president of the China Society of World EconomicsTimely, relevant, and fascinating read. * Publishers Weekly *A clear overview of the history and the issues, both in general and those facing Chinese policy-makers in particular. -- Peter Gordon * Asian Review of Books *Insightful.... The People's Money offers a rich, accessible and much needed account of the workings of China's opaque banking and financial systems.... It is filled with interesting evidence. * Times Higher Education *The book is extremely readable and provides an informative overview about the topic, including contemporary historical background. * Economic and Political Weekly *This illuminating volume by economist Paola Subacchi provides an excellent overview of the past and future prospects of the Renminbi—the People’s money. * The China Journal *Table of ContentsPrefaceIntroduction1. Money Is the Game Changer2. China's Extraordinary but Still Unfinished Transformation3. A Financially Repressed Economy4. China: A Trading Nation Without an International Currency5. Living with a Dwarf Currency6. Creating an International Currency7. Building a Market for the Renminbi8. The Renminbi Moves Around9. Managing Is the Word10. The Age of Chinese MoneyNotesIndex

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Book SynopsisHave you ever wondered why we can afford to buy far more clothes than our grandparents ever could . . . but may be less likely to own a home in which to keep them all? Why your petrol bill can double in a matter of months, but it never falls as fast?; Behind all of this lies economics.; It's not always easy to grasp the complex forces that are shaping our lives. But by following a dollar on its journey around the globe, we can start to piece it all together.; The dollar is the lifeblood of globalisation. Greenbacks, singles, bucks or dead presidents: call them what you will, they are keeping the global economy going. Half of the notes in circulation are actually outside of the USA - and many of the world's dollars are owned by China.; But what is really happening as our cash moves around the world every day, and how does it affect our lives? By following $1 from a shopping trip in suburban Texas, via China's central bank, Nigerian railroads, the oilfields of Iraq and beyond, The Almighty Dollar reveals the economic truths behind what we see on the news every day. Why is China the world's biggest manufacturer - and the USA its biggest customer? Is free trade really a good thing? Why would a nation build a bridge on the other side of the planet?; In this illuminating read, economist Dharshini David lays bare these complex relationships to get to the heart of how our new globalised world works, showing who really holds the power, and what that means for us all.Trade Review"A brilliant book ... everyone should buy it because it's very, very readable" - Iain Dale, LBC; "Original and engaging ... If you've ever wondered what globalisation is and why people get so passionate about it then I can think of no better guide. Economics can be fascinating and accessible. This book is proof" - Joel Hills, Business Editor, ITV News; `Brilliantly revealing' - Ian King, business presenter, Sky News, and Times columnist; `Readable and illuminating' - The BooksellerTable of ContentsContents; Introduction 1; 1 Worshipping at the temple of low prices and endless offers: The USA to China 15; 2 Making - and working - the global red carpet: China 41; 3 Finding love in the Niger Delta: China to Nigeria 65; 4 Spicing up the recipe for success: Nigeria to India 89; 5 The dark price of black gold: India to Iraq 119; 6 Funding the means of destruction: Iraq to Russia 143; 7 The trials of a blended family: Russia to Germany 169; 8 A bad day at work for the Masters of the Universe: Germany to the UK 195; 9 Feeding the addiction: The UK to the USA 221; Further reading 251; Acknowledgements 255; Index 257

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Book SynopsisThe next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.The U.S. dollar has been the global reserve currency since the end of World War II. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government.In the last few years, however, the risks have become too big to ignore. While Washington is gridlocked, our biggest rivals—China, Russia, and the oil-producing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos.James Rickards, the acclaimed author of Currency Wars, shows why money itself is now at risk and what we can all do to protect ourselves. He explains the power of converting unreliable investments into real wealth: gold, land, fine art, and other long-term stores of value.

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Book SynopsisInflation is here. Do you know how it’s impacting your company? It’s not just a matter of rising costs. Inflation eats cash, squeezes margins, threatens working capital, and throws all your great forecasts and plans into question. Its effect is cumulative and pervasive. Yet this period of economic discontinuity is a huge opportunity to come out stronger for those who know how to lead in the face of inflation and a looming recession.Ram Charan has guided hundreds of companies through many tough business challenges. In the early 1980s, he helped GE preserve its teetering credit rating in the face of double-digit inflation. Now, in Leading Through Inflation, he brings the same common sense and wisdom that made his book Execution, coauthored with Larry Bossidy, a long-time New York Times bestseller. This book will be your guide to avoiding the hazards of inflation while positioning your company to thrive when the business cycle stabilizes. It provides Ram’s down-to-earth recommendations and real-world examples to help you navigate a landscape that may be new to you. As you learn to lead through inflation, you will be better prepared for recession and stagflation as well. You will know how to protect your cash, your customers, and your capital investments. Your psychology will shift from anxiety and fear to optimism and excitement as you define the path to a reimagined future.Trade Review“Ram is among the world’s top business thinkers. Many of the world’s best CEOs have benefitted from Ram’s wisdom. As we enter this era of lurching change, please read Ram’s insights on leading through inflation to reinvent your own approach to this contemporary challenge.” —Fred Hassan, Director, Warburg Pincus “A must-read book for today’s CXOs – since most have never had experience delivering results in high inflation environments. Drawing on learnings from their multi-decade experience and from extensive research into the current business world, Ram & Geri clearly articulate 2nd and 3rd order impacts of inflation (beyond the obvious cost-price relationship), and offer empirically proven and practical solutions that are useful to businesses in all industries.” —Raj Ratnakar, Senior Vice President and Chief Strategy Officer, DuPont “Some sound, valuable and timely insights from Charan and his partner on how to effectively deal with current and potentially insidious effects from inflation. A necessary read led by a renowned savvy veteran.” —Larry Bossidy, former chair and CEO of Honeywell, coauthor of bestseller Execution “Ram Charan, one of the smartest people out there today, delivers a level of insight and wisdom that can be found nowhere else. The lessons he offers are exceptional. If success is a goal for you, read this book and then share it with your closest friend.” —Bob Dilenschneider, Chairman and CEO, The Dilenschneider Group “Ram’s must-do actions to outpace inflation for business managers, functional leaders and board members are mission critical in our resource-constrained world.” —Chad Holliday, Co-chair, Mission Possible Partnership

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Book SynopsisIn this groundbreaking ethnographic analysis of crypto economies and their global markets and communities, Koray Caliskan offers an inside view of how cryptocurrencies are made and traded.Trade ReviewWith impressive clarity—drawing from striking interviews, fieldwork, and big data analysis—Data Money develops a pioneering analysis of cryptocurrencies, while transcending disciplinary boundaries and setting a new agenda for future research. Thank you, Koray Caliskan, for helping us make sense of the social world of money in the twenty-first century! -- Viviana A. Zelizer, author of The Social Meaning of Money and Economic Lives: How Culture Shapes the EconomyData Money offers a novel, surprising, and persuasive account of the nature and development of cryptocurrencies. Drawing on extensive research among those who design, manage, and use them, the book combines a brilliant account of a social world seen from the inside with a perceptive analysis of how these new forms of money work. -- Timothy Mitchell, author of Carbon Democracy: Political Power in the Age of OilData Money is essential reading for anyone who wants to understand the new world of cryptocurrencies. Caliskan has a genuine insider's understanding of that world, and writes about it with verve and insight. His book is a vitally important contribution by one of the most exciting scholars in the new generation of economic sociologists. -- Donald MacKenzie, author of Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial MarketsA well-articulated take on a particularly obtuse subject. * Publishers Weekly *Table of ContentsTables and FiguresAcknowledgments1. The Historical Novelty of Data Money and Its Makers, Markets, and Regulation2. The Materiality of Data Money and the Infrastructure and Taxonomy of Blockchains3. Understanding Cryptocurrency Exchange Platforms and Markets4. Global Cryptocurrency Communities as Data Money Makers5. The Emergence and Demise of a Cryptocurrency Community6. A New Framework for Cryptocurrency Taxation and Exchange Platform Regulation7. What Is to Be Done with Crypto Economies?NotesBibliographyIndex

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Book SynopsisTrade Review"One of the Financial Times' Summer Books of 2019: History""One of the Financial Times' Best Books of 2019: History"

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Book SynopsisTHE INTERNATIONAL BESTSELLER'Kelton has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured' Guardian'Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all' Naomi Klein'Game-changing ... Read it!' Mariana Mazzucato'A rock star in her field' The Times'This book is going to be influential' Financial Times'Convincingly overturns conventional wisdom' New York TimesSupporting the economy, paying for healthcare, creating new jobs, preventing a climate apocalypse: how can we pay for it all? Leading economic thinker Stephanie Kelton, shows how misguided that question is, and how a radical new approach can maximise our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending is wrong. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: which deficits actually matter?Trade ReviewKelton is to modern monetary theory what Milton Friedman was to American conservatives for a half century - conversational, fierce, relentless. * Financial Times *Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it! -- Mariana Mazzucato, author of The Value of Everything: Making and Taking in the Global EconomyIn a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it - then put it to use. -- Naomi KleinThe best book on rethinking economics that anyone will find right now. * Richard Murphy *In the wake of the financial impact of the coronavirus, she's having a moment ... she's become a rock star in her field. -- Ben Hoyle * The Times *Kelton is a razor-sharp writer ... smashing shibboleths of conventional economic wisdom. * The Irish Times *This book is going to be influential. -- Martin Wolf * Financial Times *One of the most important and accessible books ever written about money * The National *Kelton's book achieves a revolution in political economy. * LSE Review of Books *A leading light in modern monetary theory. * Financial Times *[Kelton] has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured. * The Guardian *Convincingly overturns the conventional wisdom that federal budget deficits are somehow bad * New York Times *The most talked about economics book of 2020 * Spears Magazine *A remarkable book both in content and timing. A 'must read' that is sure to influence many aspects of policymaking going forward -- Mohamed El-Erian, chief economic advisor at Allianz

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Book SynopsisEliminate debt and save your way to financial freedom with social media sensation Santis O'Garro's fool-proof advice.In December 2018, Santis O'Garro found herself in a dire situation: a newly single mother in 15k of debt, with bills mounting and no one to turn to for help. Something had to change. The only option was to face her bad financial habits so she could get out of debt and fast.A year later, she had not only eradicated her debt, but was also financially secure enough to quit her job and pursue a new career. Here, she shows you how to change your money mindset so you can live a debt-free life, too.Packed with practical advice, you will learn how to conquer:The weekly shopMonthly billsAnnual car insuranceBack-to-school fees and even have some cash left over for an emergency fund and special occasions.So take the stress out of saving and let The Money Mentor show you the way to financial freedom.

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Book SynopsisModern history shows that a nation''s success largely depends on the way it manages its money. But where do money and politics meet? From 1700 to the present day, Niall Ferguson offers a bold and original analysis of the evolution of today''s economic and political landscape. Far from being driven by the profit motive alone, our recent history, as Ferguson makes brilliantly clear, has also been made by potent and often conflicting human impulses - sex, violence and the desire for power. In this dazzling, powerful and controversial explanation of modern world history and the fundamental force that lurks behind it all, Niall Ferguson answers the big questions about finance and its crucial place in bringing happiness and despair, warfare and welfare, boom and crash to nations buffeted by the onward march of history. ''A marvellous combination of persuasion and provocation ... The Cash Nexus has enough ideas for a dozen books'' Martin Daunton, History Today ''The Cash Nexus is ... packed with intriguing arguments and controversial propositions ... [an] outstanding book'' Frank McLynn, Independent ''Ferguson is one of the most technically accomplished historians writing today ... The Cash Nexus offers an important corrective to the naïve story of economic growth'' Robert Skidelsky, New York Review of BooksTable of ContentsPart 1 Spending and taxing: the rise and fall of the warfare state; "hateful taxes"; the Commons and the castle -representation and administration. Part 2 Promises to pay: mountains of the moon - public debts; the money printers - default and debasement; of interest. Part 3 Economic politics: dead weights and tax-eaters - the social history of finance; the myth of the feelgood factor; the Silverbridge syndrome - electoral economics. Part 4 Global power: masters and plankton - financial globalization; golden fetters, paper chains - international monetary regimes; the American wave - democracy's flow and ebb; fractured unities; understretch - the limits of economic power; conclusion.

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Book SynopsisAlan Greenspan''s The Age of Turbulence is the essential guide to what is happening in the world, and where we''re heading, from the ultimate expert. Alan Greenspan wielded more power than the presidents he worked for, from Ronald Reagan and Bill Clinton to George Bush and his son. He was in the command room of the world economy for longer than any other single figure. One word from him could send markets into freefall. Now Alan Greenspan, the legendary former chairman of the Federal Reserve, gives us a unique insider''s view of the world over his lifetime, from stock market exuberance to political turmoil - and his predictions for the future of our fast-changing, increasingly turbulent global economy. ''First rate ... [The Age of Turbulence] is intelligent in a way that few popular books on economics manage or even try to be ... An enjoyable read''  Economist ''With his book, [Greenspan] finally lets us

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Book SynopsisWhat happens in the City has never affected us moreIn this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.

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Book SynopsisThis is the ultimate guide to the world of the Freak. Renegade thinkers and bestselling sensations Levitt and Dubner have carefully curated the very best of their blogs, conversations, wisecracks and advice from the last decade to reveal the outlandish truth about everything from lying to bankrobbing, fast food to sex taxes.''We are all Freakonomists now'' Washington Post''A phenomenon ... their approach has won them a cult following'' Observer''Lie back and let Levitt and Dubner''s bouncy prose style carry you along from one peculiarity to the next'' Sunday Telegraph''You are guaranteed a good time'' Financial Times

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Book SynopsisWhy has inequality increased in the Western world - and what can we do about it? This title argues that inequality is a choice - the cumulative result of unjust policies and misguided priorities. It exposes the inequality that is afflicting America and other Western countries in thrall to neoliberalism.

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Book SynopsisThis book is a reassessment of the international monetary crises of the post-World War I period that led to the Great Depression of the 1930s. It also analyses the responses of the world economic powers to the Depression and how new monetary policies set the stage for the watershed post-World War II system established at Bretton Woods. It offers new theories of what effect the Great Depression had on the collapse of the world monetary system, and what effect the collapse had on deepening and prolonging the Depression, by exploring the link between global economic crisis and the the gold standard (the framework for international monetary affairs until 1931). The events described had a profound effect upon twentieth-century history: the Depression abetted the rise of Hitler and the demise of the gold standard is a historical cause of inflation.Trade Review`brilliant new book' Newsweek`This is a first-rate book. It should become an instant classic in the field.' Peter Temin, Massachusetts Institute of Technology`Eichengreen illuminates the role of the gold standard in his masterly analysis of the global economic and political forces that produced the Great Depression and economic recovery after 1933.' Anna J. Schwartz, National Bureau of Economic Research`Golden Fetters compels us to re-examine familiar ideas about economic pathology in the interwar period and the way the gold standard functioned before the First World War ... This is the most important contribution to the subject since the works of Brown and Nurske, more than four decades ago.' Peter B. Kenen, Princeton University`It looks to me to be quite a tour de force, by the outstanding contemporary scholar of the 20th century history of the international monetary system.' John Williamson, Senior Fellow, Institute for International Economics`Professor Eichengreen has succeeded in providing a rare blend of well-balanced economic and historical analysis ... There is no doubt in my mind that historians will see Golden Fetters as the standard work on the subject for years to come.' Gianni Toniolo, University of Venice`[Eichengreen's] book provides new and insightful analyses of how the gold standard worked and its role in the economic crisis of the interwar years.' David Hale, Chief Economist and Senior Vice President, Kemper Financial Services Corporation`Anyone tempted to make historical parallels between the EMS and the gold standard should read Barry Eichengreen's scholarl account ... his book is written with a clarity that allows one to identify both elements of the gold standard that were unique and those that are common to any regime of fixed exchange rates.' Times Literary Supplement`will quickly become the standard work ... it is superbly written and achieves its objective of being accessible to the general reader ... this is an excellent book and ... quite compelling reading' Business HistoryThis new international history of the inter-war gold standard, which will quickly become the standard work and should have immediate publication in paperback to encourage the widest readership, succeeds at a number of levels ... it is superbly written and achieves its objective of being accessible to the general reader ... it shows how national histories can be knitted together into a coherent analysis of an international economic crisis ... it breaks new ground in two important respects ... this is an excellent book and ... quite compelling reading.' Business History'This is a complex, densely argued and nuanced book, whose argument and flavour can scarcely be conveyed in a short review. Eichengreen's argument is important, and once absorbed will change the historical terrain. This is a wonderfully stimulating book ... a book which all interested in the period should read, and which will be of particular interest to readers of this journal. It is not, however, one to read on the Costa Brava with a bottle of wine.' Kathleen Burk, University College, London, Financial History ReviewIt is superb monetary history ... The great strength of Eichengreen's historical analysis is his enormously wide knowledge of, and sympathy for, economic and political conditions in all the major countries concerned ... a marvelous book. It is, in addition, beautifully written, and fully accessible to general readers (no mathematics, and lots of contemporary cartoons). A real pleasure to read, the work of a master economic historian. * International Journal of Finance and Economics *

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