Introduction -- Efficient markets and central banks? -- Money, banks and central banks -- Stable and unstable markets -- Deceiving the diligent -- On (central bank) governors -- Minsky meets Mandelbrot -- Beyond the efficient market fallacy -- Concluding remarks

Financial innovations and crises: the view backwards from Northern Rock / Jeremy Atack -- An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange and the emergence of the first central bank / Stephen Quinn and William Roberds -- With a view to hold: the emergence of...

This study argues that the severity of the current global financial crisis is strongly influenced by changeable allocations of the global savings. This process is named a wandering asset bubbleʺ. Since its original outbreak induced by the demise of the subprime mortgage market and the...