"This book describes how implementing Grondona's system could help individual countries to independently improve their economic stability, while creating a growing network of currencies between which the exchange-rates will become increasingly stable."

We identify two approaches to financial crises in the history of political economy, namely, the exogenous approach whereby financial crises are sudden events, and the endogenous approach whereby they arise from a long process. In focusing on the endogenous approach, we study the contributions by...