Dive into the gripping world of international ecocomics through American lawyer, investment banker, media commentator, and author, James G. Rickards's expertise and thought-provoking insights.From collapsed paper currencies and hidden agendas of soveriegn wealth funds to the very real threats of national security, James G. Rickards scrutinizes the history and disastrous outcomes of currency wars, shedding light on the potential crisis that looms over the United Sta...

Economics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. He compares the obstacles facing them, and the processes that shape their lives, their families, and their futures. He shows how economics unco...

Meltdown, crisis, downturn, and the dreaded R-word: recession. These words have migrated from business sections to headline news.From barter to coins, from the origins of banking to todays credit crunch, this highly topical book explores cash, borrowing, and lending, and delves into the dark side of the global financial system.But as we teeter on the brink of a global depression, space develops for new thinking. From doing away with tax havens, putting teeth into r...

Take a short journey through the emerging world of Bitcoin and other cryptocurrencies like Ethereum in the form of a conversation between a fictional father and son. If you've heard of Bitcoin and cryptocurrencies somewhere and want to know more about it, including why some people see this as a game changer in money, then this book is a great starting point to dip your toes in this massive new ocean of cryptocurrencies.

Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations and the efficacy of the price system in assuring macroeconomic stability. The 2008–9 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations but also revived the cre...

We live in a world that is constantly evolving into a huge mall where you are either selling something or buying something. This mall is in constant motion; buyers are trying to outwit sellers in a bid to have more money left; sellers are trying to milk the last drop out of buyers to shore up their balances. And so the game continues, in a never-ending cycle – all in an attempt to make more money. True, money makes the world go round, hence the craze to find it by all means available. But ...

From ancient “knife money” to the Renminbi—a fascinating history of Chinese currencyChinese Currency and the Global Economy is an all-encapsulating study of the Chinese monetary system from the historical perspective of global economy and finance.From economic infrastructure to the cultural system and from world events to the domestic scene, author Chen Yulu describes the metamorphosis of the Chinese currency and examines what is entailed in the globalization of ...

Fostering and sustaining robust economic growth is an imperative across advanced, emerging, and low-income countries alike. Countries will need to focus on supply-side reforms to raise their potential output and anchor medium-term growth prospects. This SDN will emphasize the role of structural reforms and supportive policy and institutional frameworks for boosting productivitya key engine of economic growthin the wake of the crisis. By examining a broad spectrum of reforms that eliminat...

Stress tests are used in risk management by banks in order to determine how certain crisis scenarios would affect the value of their portfolios, and by public authorities for financial stability purposes. Until the first half of 2007, interest in stress-testing was largely restricted to practitioners. Since then, the global financial system has been hit by deep turbulences, including the fallout from sub-prime mortgage lending. Many observers have pointed out that the severity of the crisi...

Even though your credit rating may seem like an intangible asset, it is one of the most valuable and important assets that you have. Without a good credit rating your financial, occupational, and personal goals are at risk of being severely limited. In order to obtain the privilege of using a credit card, your credit rating is checked.Since maintaining a good credit rating is important in today's society, a poor credit rating can have a negative snowball effect tow...