The trend of increasing commodity prices that lasted for about 10 years between 2003 and 2012 has given way to lower global prices. It is now widely believed that prices will remain relatively low in the medium term, as growth in emerging economies has decelerated and, in general, commodity...

1. The sixth Lord Robbins memorial lecture : reform of the international monetary system / Robert A. Mundell -- 2. The state of the world economy / introduced by Paul A. Samuelson -- 3. The euro in Europe and the world / introduced by Christopher Johnson -- 4. Monetary policy and economic growth...

The contributions to this volume offer an insight into the way that economists analyse the causes of money (mis)management in the US, Latin America, Europe and Japan, and prescribe stabilizing reforms. The mechanisms that link monetary policy - including foreign exchange regimes and the...