This book brings together a diverse group of experts on international monetary policy to examine the basic conceptual issues of currency unions and other monetary regimes, including flexible and fixed exchange rates, and assess the available empirical evidence on the performance of these...

What caused the financial crisis -- What prolonged the crisis -- Why the crisis worsened dramatically a year after it began -- What went right in the two decades before the crisis -- Why a black swan landed in the money market in August 2007

Front Cover -- Book Title -- Copyright -- Contents -- List of Figures -- Preface -- 1. What Caused the Financial Crisis -- 2. What Prolonged the Crisis -- 3. Why the Crisis Worsened Dramatically a Year after it Began -- 4. What Went Right in the Two Decades before the Crisis -- 5. Why a Black...