Regulating Criminal Finance in the Global Economy

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.

 

The Monetary Conservative:

Inflation is the work of the devil, because it respects appearances without destroying anything but the realities.  Jacques Rueff

 

Good fences? Cross-border bankruptcy law

“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.”

 

How the government monopoly on money imperils the global economy

Detlev Schlichter says that “Today’s mainstream view on money is logically incoherent because it is in fundamental conflict with essential aspects of money and money’s role in a market economy.” 

 

“When Money Dies: The Nightmare of Deficit Spending, Devaluation and

“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 …  

 

The death of money:

How are you going to protect yourself when the international monetary system collapses? In his new book “The Death of Money” James Rickards argues that it is a near certainty that the existing monetary system will collapse.

 

The Law Market

In England, a motorcyclist was recently sentenced to six months in jail for riding at speeds of up to 122 mph on a half-mile...

Birth of a Market: The US Treasury Securities Market

Kenneth 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).   

 

Hidden in plain sight:

What really caused the world’s greatest financial crisis? The prevailing narrative, as articulated by President Obama and his allies, was that the crisis was caused by insufficient government regulation.   

 

The Relentless Revolution: A history of capitalism

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

Trade Policy Disaster: Lessons from

At the beginning of the Great Depression, world trade dropped by an “astounding 65 per cent in gold-dollar terms”.  

 

“The Shifts and the Shocks” by Martin Wolf

Book review from Warren Coats, CFR Editorial Board member, ex IMF and specialist adviser to central banks of "The Shifts and the Shocks" from Martin Wolf, generally considered one of the most influential writers in his field.

 

Money, Markets & Sovereignty

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.

The Money Trap:

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.   

 

“Hedge Fund Governance – Evaluating oversight,

At the end of the first chapter I was frustrated, as I was looking for a theoretical analysis and conclusion regarding corporate governance in hedge funds.
 

 

Capital Ideas: The IMF and the Rise of Financial Liberalisation

Jeffrey M. Chwieroth(Princeton University Press 2010) ISBN 978-0-691-14232-6, 311 pp. One of the most important economic changes in the post-World War II period was...

Getting it Wrong – by William Barnett

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. 

 

 

David Stockman’s The Great Deformation: The Corruption of Capitalism in America

For six years I’ve told audiences (and even more than a few social acquaintances who would listen) that the 2008-09 Global Financial Crisis was not “The Big One.” In time, people will look back on that episode as relatively minor and fairly short-lived compared to the one we are building toward. Don’t believe me? 

 

Inside the Nixon Administration:

 

 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.

Reading capital flows

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.