Introduction -- Commodity money -- Fiat money and international law -- The inflation-output conundrum -- Currency substitution and management -- Financial crises and money managements -- Exchange rates as monetary policy tool -- Intervention in foreign exchange markets and the future of money --...

Introduction; Theoretical foundations; Substance and purposes of economic activity; Money and credit; Debts and balance sheets; The creation of bank deposits; The creation of central bank deposits; The instruments of a central bank (monetary policy); The creation of sovereign securities (fiscal...

"Written in the spirit of the long time Yale Professor, James Tobin, who has held the view that monetary policy is not neutral, this volume provides an analysis of the different economic performances exhibited by the USA, the Euro-area, and Japan in the last decade. Through addressing the...