Monetary-policy

This was a real disappointment. The book is almost unreadable. Terms are defined and then not used properly or are jumbled together--you never can tell what she's talking about. Too many vague generalities. Sentences often make no sense. This book desperately needs an editor. I don't think the author has anything interesting to say about "virtual money," but it's hard to tell. A confusing jumble of babble. Click on to the next book.

This book had a lot of promise.. I was very interested in learning more about the world of Electronic Commerce and how local and global economies are being impacted. This book made a few interesting points, but for the most part was tedious to read, and never got into enough detail on any one subject to be interesting.

I'm still looking for another e-commerce roadmap...

Speaking as a layman who had practically no knowledge of e-commerce I found the book to be a good introduction to the world of electronic money and of what the future of money will probably be (Personally, I don't like what I see). Along with the history of money, and the development of the Internet, the book contains a lot of detail on the nuts and bolts of the whole complex network; and I don't know how interesting that is to the average person. I read this book not for pleasure, but as research for a paper I am now composing on a related issue. Regarding the topic of virtual money, the author seems to discuss the problems and risks surrounding it rather than give concrete solutions. But neither the publisher nor the author described the work as an "answer book". From what I can see, the write up on the book's dust jacket is an accurate summary of what the book contains.

In summary, this book is a disappointment. It presents a lot of material in an inaccessible way and doesn't provide solid explanations/proofs for a lot of material. It is also largley mathematical as opposed to the far superior 'Martingale methods in finance' by the same author, which takes the time to talk about applications to finance. As a credit derivatives quantitative analyst I was already familiar with the material in the text and that is the only reason why I understood it. It attempts to bridge the gap between theory and practice but in my opnion achieves neither.

This is another typical book written by mathematician, and for mathematician. What can one learn from this book? Basically not much. If you don't really know much about credit risk, you still won't know after much after you read the book. If you are a quant, this book definitely won't help you much.

Who might need this book? If you are a mathemtician with research interest in probablity, AND you like the book "Martingale Methods in Financial Markets" by Musiela and Rotkowski, you might want to buy this book.

This book is written for the reader who has little or no experience in currencies and currency risk. The information provided is very basic, and not of use to anyone wanting to get more than a superficial understanding of the subject. The title is "Introduction", but I still think it is (only) 100 pages of generalities, not worth the $... I paid!

...it could have been racist gibberish. As it is, it is simply an uncritical paean to the "Japanese model." Of course, the trouble with this book is that it was completed after the asset market bubble burst and the Japanese economy headed south, which the author conveniently ignores. This one has not worn well with age.

I read a lot of different personal financial advice books, and I found this one of the worst I have ever read. There were some good points made, but I found errors in the book regarding qualified retirement plans at the workplace and IRA's. There are much better books out there to read besides this one.

If you've heard his program or read any financial advice books this book is nothing but rehashed material and based on old ideas when the markets were humming along. The advice won't work in the current economic conditions. Worse yet it's boring to read and poorly written. Very disappointing.

As others have said clearly, this book is a waste of trees, ink and the time of its reader. The "authors" should be ashamed of such blatant hucksterism and poor description of even the most basic aspects of trading. Even if you are a neophyte, look somewhere else.

... I have no idea what objective these guys had in mind when they sat down to write this book.... This book is just a bunch of information thrown together (probably downloaded from the internet) and they obviously took no time to put any real effort into this book. I was terribly dissappointed with my purchase of this book.....look elsewhere if you are interested in getting started in forex trading.

this book is very heavy on the operational, functional aspects of fx trading. it is not a book on strategy, but does not claim to be either. for someone looking to get into fx trading, the material here is useful to provide a macro view of the process and the background of the rise in popularity of fx trading, and what to look for in terms of fx service. if you do not get that information from this book, you would be well-served to get it somewhere. if you already have the basics, history, fundamentals, etc. you can find more thorough treatments of strategy elsewhere. this book is a little misleading in the sub-title "from the fundamentals to the fine points". one might expect that the book covers everything one needs to know to mount a trading strategy, when what the book really delivers is "fundamentals and the fine points often overlooked because they are not necessary in determining future success or failure in the fx markets".

Very elementary book and writing style. The author puts himself forward as an experienced Fed Watcher but his ideas and theories seem naive and elementary. You can learn more about the Fed by surfing the Fed's website. Author keeps repeating himself like he is senile or something!??? The author does not offer any insight one could not glean from reading Business week or the Wall Street Journal regularly.

Don't waste your money on this!

This book accomplished none of its promises. It was repetitive and poorly written at best. If you are truly interested in learning how to be a Fed watcher, this book will not help you accomplish that goal. Do not waste your time with this book.

Holy smokes..what sort of a guy can write a book like this? I have never read such a boring work written by someone who appears to be such a pompous twit.

Mr. Warwick attempts to project his liberal social agenda into moneterism without much success. He's obviously bought off on the current government four horsemen: drug kinpins, terrorists, money launders and pedophiles (changing periodically when they no longer shock citizens into willingly surrendering their civil rights) without looking deeply into the subject, seeing an elimination of currency as a major part of the solution.

He ignores the causes of the problems: the unwise and unwarranted expansion of criminalizing vicitimless behavior, ignoring that one man's patriot (e.g., this country's Founding Fathers) are another's terrorists, the illicit asset seizure laws and redefintion of money laundering to include situations without any predicate crime. He minimizes the experience of recent generations, and a major reason for our Constitution's tilt toward limiting Federal power, that the greater the role of centralized government the greater the likelyhood of tyranny.

Mr. Warwick stresses that increased use of account-based electronic monetary instruments can lead to improved speed, cost and security in financial transactions and reductions in crime, but ignores that the present account-based systems are routinely and effectively used for the very purposes he seeks to prevent and that fully anonymous electronic cash could be even less expensive while protecting our civil liberties (but then again he sees those as bothersome and necessary casualties anyway).

The author harnesses empirical data but fails to put forth any meaningful hypothesis concerning the declining value of money in third world countries. I find the scholarship a bit narrow-minded. For example, the idea that the devaluation of the peso is the systematic outcome of the free currency market is poorly hatched and hardly researched. The author fails to address the geo-political landscape as potential causes for this loss of value and refuses to discuss the issue of NAFTA in a coherent way. My thinking is that the author is a pampered, ivory tower intellectual who has lost touch with his ability to reason.