Book reviews
An American libertarian
In his recently published memoirs, Alan Greenspan presents an impassioned defence of American capitalism and outlines his fears of over-regulation of financial markets, argues David Mayes
Central banks and the challenge of development
Graham Bannock reviews a recent collection of essays examining the role central banks can play in developing economies
Innovation and Independence: the reserve Bank of New Zealand
1973-2002. John Singleton and Arthur Grimes, Gary Hawke and Frank Holmes. Auckland University Press, 2006; 340 pages.
Living standards and the wealth of nations: successes and failures in real convergence.
Edited by Leszek Balcerowicz and Stanley Fischer. MIT Press, 2006.
New book on International Financial Architecture
Palgrave has published a new book by Carlos M. Pelaez and Carlos A. Pelaez entitled "International Financial Architecture" as part of the Palgrave Texts in Finance and Monetary Economics series.
Review of Monetary policy Transmission in the Euro Area
The ECB is piecing together how monetary policy affects the eurozone economy. A review by Paul Brione of Central Banking.
Review of Monetary Policy Implementation: Theory, Past, and Present
A new book explains the role of the three main instruments of monetary policy implementation.
When Hong Kong trounced the speculators
The HKMA beat back speculators in 1998, but did its own fuzzy rules encourage them? Charles Calomiris reviews a new book on this famous episode.
Scorecard for the City
A recent CSFI survey asked London market participants for their views on London's competitiveness. It shows that the City still has much going for it, but it suffers from a lack of leadership.
Review of Making Money, An Insider’s Perspective on Finance, Politics, and Canada’s Central Bank
Ben Mander enjoys the new book by a former governor of the Bank of Canada
Review of Globalization and its Discontents
Joseph Stiglitz’s capacity to shock is not in doubt. But his view of globalisation is too narrow, and he is wide of the mark on the discontent, suggests Graham Bannock.
Review of Argentina and the Fund: from triumph to tragedy
While Michael Mussa honestly recognises Fund failings, Benedict Mander finds his suggested tweaks for the system disappointingly conservative.
Puzzles in economic growth and exchange rates
Economic growth is a preoccupation of rich and poor, slow and fast growing countries alike. Graham Bannock reviews three attempts to unravel the mystery.