Articles by Michael Reddell
Book notes: The political economy of the special relationship, by Jeremy Green
Unsatisfactory story about the decline and resurgence of the UK’s importance in the global financial system
Book notes: Central banking before 1800, by Ulrich Bindseil
A new standard reference point for the history of central banking
Book notes: Why not default?, by Jerome Roos
Thought-provoking book that will repay investment of any reader with an interest in sovereign debt
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced Fed’s introduction of IOR prolonged recession
Book notes: The Fed and Lehman Brothers, by Laurence Ball
Ball claims the Fed could have lent to Lehmans, lawfully and prudently, had it chosen to do so, writes Reddell. But agreeing the Fed could have provided liquidity support does not automatically imply it should have
Book notes: Capitalism without capital, by Jonathan Haskel and Stian Westlake
The authors have created a compelling framework to characterise and explain the nature of intangible investments in our economies, writes Michael Reddell, but their conclusions are lacking in analysis and data
Book notes: Unelected power, by Paul Tucker
Tucker’s well-argued text sets out set of principles for those in unelected positions of power to ensure they continue to act for benefit of general public
Book notes: The paradox of vulnerability, by John Campbell and John Hall
Quality of national institutions vital to handling financial crises, say authors
Book notes: Money in the Great Recession, by Tim Congdon
A stimulating collection of papers on the monetarist theory that had central bankers in late 2008 focused on boosting the quantity of broad money “the Great Recession would not have happened”
Book notes: The Tides of Capital, by Julia Leung
“Stimulating read” offers unique perspective on how Asian countries have developed, yet still have long way to go
Book notes: Bankers, Bureaucrats and Central Bank Politics, by Christopher Adolph
Analysis of those in charge of monetary policy decisions in advanced economies between 1950–2001, attempting to understand the role of personal background in decision-making
Book notes: The power and independence of the Federal Reserve, by Peter Conti-Brown
Conti-Brown offers a call to action to fix the legitimacy of the Federal Reserve System