In our book, Global Capital Markets: Integration, Crisis, and Growth, we traced out the evolution of the international monetary system using the framework of the “international monetary trilemma”: countries can enjoy at most two from the set {exchange-rate stability, open capital markets,...

In our book, Global Capital Markets: Integration, Crisis, and Growth, we traced out the evolution of the international monetary system using the framework of the "international monetary trilemma": countries can enjoy at most two from the set {exchange-rate stability, open capital markets, and...

Redakteure der Frankfurter Allgemeinen Zeitung befassen sich mit Finanzkrisen der Vergangenheit und mit der jetzigen "Subprime"-Krise. Im 1. Teil geht es um Crashs der Vergangenheit, beginnend mit dem 1. Staatsbankrott in der Regierungszeit Kaiser Karls V, über die Spekulationsblase am...

Cover -- Half-title -- Series-title -- Title -- Copyright -- Dedication -- Contents -- List of Tables -- List of Figures -- Acknowledgments -- Part one Preamble -- 1 Global Capital Markets: Overview and Origins -- 1.1 Theoretical benefits -- 1.1.1 International risk sharing -- 1.1.2...