Chapter
Publicly Available
Contents
-
Manuel Hinds
Chapters in this book
- Frontmatter i
- Council on Foreign Relations v
- Contents ix
- Acknowledgments xi
- Prologue. Playing Monopoly with the Devil xiii
- Introduction xxv
-
Part One. The Unfulfilled Promises of Local Currencies
- Chapter 1. The Standard of Value and the Reversed Liquidity Trap 3
- Chapter 2. The Unfulfilled Promises in the Financial System 16
- Chapter 3. The Unfulfilled Promises in Trade and Growth 53
- Chapter 4. The Costs of Stability 82
- Chapter 5. Missing Financial Globalization 107
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Part Two. The Reversed Liquidity Trap and Financial Crises
- Chapter 6. The Financial Risks of Monetary Regimes 121
- Chapter 7. The Currency Origins of Financial Crises 136
- Chapter 8. The Myth of the Lender of Last Resort 167
- Chapter 9. The Solution of Crises and the Aftermath 179
- Chapter 10. The Counterfactuals 189
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Part Three. The Optimal Currency Area and the Choice of Currency
- Chapter 11. The Conventional Optimal Currency Area Theory 197
- Chapter 12. Toward a Redefinition of an Optimal Currency Area 220
- Chapter 13. Conclusions 232
- Epilogue. Werner von Bankrupt on the Art of Buying Countries with a Buck-Fifty 235
- Notes 245
- Index 249
Chapters in this book
- Frontmatter i
- Council on Foreign Relations v
- Contents ix
- Acknowledgments xi
- Prologue. Playing Monopoly with the Devil xiii
- Introduction xxv
-
Part One. The Unfulfilled Promises of Local Currencies
- Chapter 1. The Standard of Value and the Reversed Liquidity Trap 3
- Chapter 2. The Unfulfilled Promises in the Financial System 16
- Chapter 3. The Unfulfilled Promises in Trade and Growth 53
- Chapter 4. The Costs of Stability 82
- Chapter 5. Missing Financial Globalization 107
-
Part Two. The Reversed Liquidity Trap and Financial Crises
- Chapter 6. The Financial Risks of Monetary Regimes 121
- Chapter 7. The Currency Origins of Financial Crises 136
- Chapter 8. The Myth of the Lender of Last Resort 167
- Chapter 9. The Solution of Crises and the Aftermath 179
- Chapter 10. The Counterfactuals 189
-
Part Three. The Optimal Currency Area and the Choice of Currency
- Chapter 11. The Conventional Optimal Currency Area Theory 197
- Chapter 12. Toward a Redefinition of an Optimal Currency Area 220
- Chapter 13. Conclusions 232
- Epilogue. Werner von Bankrupt on the Art of Buying Countries with a Buck-Fifty 235
- Notes 245
- Index 249