The last 20 years have seen severe macroeconomic instability in Britain, with three extreme and highly damaging boom-bust cycles. Professor Tim Congdon, one of the City’s most well-known commentators, has been an influential critic of successive governments' failures in economic policy...

Combining incisive theoretical analysis with shrewd contributions by leading authors, from both the academic and professional world of banking, who are well placed to offer real insight into the current realities of the sector, this book addresses a diverse range of issues. These include...

A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system. This third...

Monetary policy in the major industrial countries has largely been a success story in recent years. This two-volume set includes previously published papers by Nobel Laureates, central bankers and leading research economists. The key advances in recent thinking that underpin modern monetary...

The role and performance of central banks has always been of critical concern to economists and politicians alike. The post-War concensus that viewed central banks as engaging in discretionary economic management has been replaced by controversy over the best means of controlling monetary growth...

This authoritative two-volume collection brings together a comprehensive selection of over 40 previously published articles which include seminal and recent contributions in the area of speculation and financial markets. The volumes present the key theoretical and applied research in the pricing...

This innovative book provides an up-to-date assessment of the factors accounting for the differences between people who save and people who do not save money.

The First and Second World Wars, the great depression, oil shocks, inflation, financial crises, stock market crashes, the collapse of the Soviet command economy and Third World disasters are discussed in this comprehensive book. The contributors subject these disasters to in-depth assessment,...

Exchange rates have been subject to dazzling fluctuations since the end of the Bretton Woods system in the early 1970s, forcing international economists to re-think exchange rate theory and international monetary economics. The result has been a bewildering array of theories and models seeking...