Monetary-policy

The exchange rate policy in Europe gained increased importance by the European Monetary System. This book examines the different ways of exchange rate determination in Europe, based either on fundamental for the longrun relationship (cointegration methodology) or on purely statistical/econometric methodology for shortrun forecasting. Also, other objective of the book is to analyse the implementation of the exchange rate policy in Europe in accordance with the European Monetary System.

Whoever may be interested in exchange rate policy in Europe, either from the academic (teachers & on-going Ph.D.s) or professional (dealing room, analysts, market-makers, governmental policy-makers) point of view, will find it very helpful to enter the practics and status quo of the matter. Pavlos Karadeloglou, currently at the European Central Bank, has done an excellent job opening this field for further research. Hoping that he will continue supporting this book with the new developments in this field, stemming from both econometric research and data generation.

I was interested in the above review until I noticed it comes from the New York town that the publisher hails from. A coincidence? Possibly--but what else is in Armonk besides M.E. Sharpe?

Far exceeding the author's objective--to present a primer on the state and causes of income inequality in the US-this work by an eminent scholar addresses in masterful fashion the many factors related to these issues in a style comprehensible to both the public and experts. Ryscavage presents not only his own prestigious studies but also summarizes and aluates the major works of others. His study provides a strong bridge over the disconnect between economists' views and popular conceptions that ascribe income inequality to corporate greed, soaring profits, deregulation, waning power of unions, and the demise of the so-called social contract between workers and employers. Instead, the author examines relevant measures showing and causing income disparity. ... A must purchase for economic and public policy collections. All libraries. Choice

Perception and mental models about MONEY determine our life-" successful or not so successful?, satisfying or not sosatisfying?"

Money, the most confusing and paradoxical subjectof this modern world - we love it, we also hate it; we strive for it,we also despise it .....

Money is human creation and we have createda system of Angels and Devils.

Williams Bloom addresses the moneyissue in a holistic way. Readers will understand and feel that"money" is such an integral part of our life. Hence wecannot have mixed feeling about it but a appropriate perspective inorder that we and the whole of the global village can live a wholesomelife...

bloom's book gave me new perspective on how to view money, how to relate to it and what to do with it in a beneficial way for the planet. he proposes different theories on how money was created, which in themselves are already enlightening. but it is when he starts to tackle all the hidden meanings attached to money and how crucial it is to our well-being that i really listened up. he gave me a positive line of thinking and of behaving toward money and i am grateful for that. i recommend this book to everyone who has ever thought about why handling money is not alwys easy.

This is as good an introduction to barter and money as you can find. It explains the concept in very simple terms and also gives you a background into the history of money and how paper currency issued by governments came to play such a pivotal role during the last two centuries. By reading this book one realizes " how shaky is the foundation of modern money". This may seem shocking at first but, on closer observation, looks very reasonable and he backs it up with specific examples. The impact of technology on money has been discussed as well. Some of the true stories on barter would be very useful to operators of small barter exchanges, especially the instances where local exchanges have flourished in spite of very adverse conditions solely on the integrity of their founders. The book would have even greater value if the authors had covered the tax consequences of barter transactions in more detail. Overall it is a very useful book for people wanting to enter the barter business.

I work as a consultant for banking clients. Hope that does not influence this review too much.

The authors have prepared the best summary available of the economic and statistical evidence regarding potential racial discrimination in approving mortgages. This book is a replacement for approximately two file drawers of published and unpublished studies that I have collected for approximately five years.

It has its limitations though. Most of all, it is a specialized monograph for a specialist audience. Even though it is aimed at influencing the behavior of the banking industry, most managers and policymakers in that industry will find this volume tough going.

Second, the authors seem to have the opinion that the financial industry rather actively seeks to avoid lending to certain minority groups. This seems naive, in that there are lots of laws that make such policies risky and also because the industry has invested heavily in compliance managers and employee training to resolve such problems. The industry may not be perfect but it is not actively avoiding its responsibility for equitable lending policies. I don't think their perspective mars their analysis but I do think that the same outcome could have been produced with a less accusatory tone.

Third, the policy recommendations offered may not be as workable as the authors imply, since the data requirements for implementing their proposed statistical tests would actually be quite demanding and perhaps beyond the legal authority of the banking regulators.

Nonetheless, this is a very valuable book because it is the first to make an authoritative stab at consolidating the economic knowledge about a very difficult topic. If you're just trained as a generalist in this topic, the policy chapters will still be useful but you'll need to pass the book along to a colleague specializing in economic and statistical research to gain full value from both the critique and the recommendations for new statistical tests.

Nice book but small pictures. The colour images of US notes in the end is probably the best. Do not use the Standard Fr system for US notes but does have an exchange table. Values of course do not reflect current prices.

The author chronicles the use of currency manipulation and foreign exchange attack to bring about a nation's broader political objectives. He describes the use, since the late 1800s, of a State's currency as an instrument of power - often hidden from commentators of the day - to achieve the political goals of that State. His analysis of the currency play behind the UK's attempt to gain control of the Suez Canal against the objectives of the US is particularly interesting. When addressing the nature of political power in today's econonically interdependent world, an insight into the silent role of currency power should not be overlooked.

I admit, unless you consider economic treatises to be great leisure reading, this is not the type of book one would pick up for a light afternoon read. But it is, however, interesting and articulate. Including the foreword (by Colin Robinson of the Institute for Economic Affairs) and the postscript (by Martin Feldstein), the actual text of the whole work is less than thirty pages so it will require only a short investment of time, which is welcome news to anyone reading it as a student or using it for a research project. Certainly, this is a Eurosceptic piece that outlines Portillo's views on why a single currency is not prudent and how it negatively impacts democracy. This is made quite clear. But it's more than that. It also outlines the reasons why people feel frustrated with government, e.g. they feel they are not being heard, they feel their government is detached from them or too far away geographically, they feel they are not accurately represented, etc. The back cover of the book lists ten contentions made by Portillo and these make for an even faster summary of the work if you are in a major rush to absorb its information. I believe this would be very useful to anyone working on economic or political research regarding the Euro, current affairs in the UK, or even the underlying reasons behind political unrest. I felt it was a good value for the time and money spent.

This book was intended to argue against Friedman's monetary description of the Great Depression. However, it is hard to say that Temin responded to Friedman's main contention properly. For, while Friedman maintained that the Depression could have been alleviated had there been some appropriate actions of the Fed (namely, policies related to monetary expansion), Temin's response was composed of two parts which kill each other's clarity; namely, (A) there was no monetary constraint before September 1931: however, (B) we cannot say whether or not macroeconomic policies which were not used then could have been effective if they were actually used. At the same time, Temin's logic which made him say (A) above is based upon a coarse (and probably wrong) interpretation of Friedman's another article, ''Money and Business Cycles''. Nonetheless, I have to be fair to add that this book is one of good materials to examine Friedman's position from various points of views.

I'm an undergraduate student in Finance and Economics. I picked up this book for a term paper for my Public Economics class.

If there's one thing to say about De Grauwe's book is that it seemed very useful, down to earth, in contrast to other economics books I've read. The concepts covered in the book were explained very clearly, and for someone interested in the area, the theories seemed ready for use for application in understanding the important issues of monetary integration.

Whether there are flaws in the theory are--honestly--beyond my grasp; I'd have to read more. The book seems written and revised fairly enough and hasn't received negative comments from the faculty at my university. If someone else has a contrary opinion, I'm sure it'd help for people to hear.

Check the sample pages if you want to see if this book would be good for you.