“Throughout his distinguished career, Guillermo Calvo has always sought to uncover the deeper economic truths that surround us. With this book, he does it again! Calvo forces us to re-calibrate our intellectual frameworks to grasp some of the most important questions: What lies behind financial crises? Which macro stabilization policies should we pursue? What accounts for the structure of the international monetary system? He argues convincingly that liquidity plays a major role in all these phenomena. Intellectually stimulating, his new book opens new vistas for future research.”
—Pierre-Olivier Gourinchas, University of California, Berkeley
"This important book shines a light on the often overlooked yet impactful workings of the European Central Bank's policy, as well as the political economy, 'organized hypocrisy' and lack of credibility that have plagued the euro since its creation. Nyborg's insights and thoughtful proposals for the Eurozone deserve attention."- Anat R. Admati, Stanford University
Principles of Financial Regulation is international and comparative in nature, focusing in particular on the EU and US. It knits together economic goals of regulation with legal implementation, providing a functional understanding of the law.
Author(s): John Armour, Dan Awrey, Paul Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer, and Jennifer Payne
Publisher: Oxford University Press
"In this major new contribution, Yuen Yuen Ang offers a fresh synthetic explanation for the stunning economic transformation of China in recent decades. She shows how China experienced sustained rapid economic development by transforming weak institutions in ways that strengthened states and markets simultaneously. This book points toward a potential model of growth for other countries and is a must-read for all scholars interested in explaining development trajectories in the Global South."—James Mahoney, Northwestern University