This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...

The euro zone as we know it must end or be radically reformedExecutive summary:– The UK decided not to join the euro on economic grounds. This was a decision which met with approval from the vast majority of UK liberal economists and which has been proved right by the course of events. Indeed,...

The authors -- Foreword -- Acknowledgement -- Summary -- Tables and figures -- 1 Policy stability and economic growth: lessons from the Great Recession -- Introduction -- The Great Recession compared with earlier recessions -- The principles of good policy -- Monetary policy: to the Taylor rule...