rules and exchange--rate regimes, and the enforcement practiced by a sometimes-imperial America. These two forces …

The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set …, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they … profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few …

The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set …, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they … profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few …

capitalism? Tackling these and other issues, the book looks at coercion and exchange in the markets of twelfth-century China …

capitalism? Tackling these and other issues, the book looks at coercion and exchange in the markets of twelfth-century China …

Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as … many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile … money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn’t kept pace. In The Social Life of Money …

truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them …

truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them …

Art today is defined by its relationship to money as never before. Prices have been driven to unprecedented heights …