The centralisation of the supervision in the eurozone will pose a number of challenges for the ECB in the coming months and years ahead. This report analyses these challenges in detail, drawing on the discussions and presentations in the CEPS Task Force on ECB Banking Supervision, and reinforced by extensive research undertaken by the rapporteur.
"The book eloquently discusses the culture of innovation, which can refer to both an entrepreneurial mind-set and the cultural achievements during an age of change. . . . The dismal science becomes a little brighter when Mr. Phelps draws the connections between the economic ferment of the industrial age and the art of Beethoven, Verdi and Rodin."--Edward Glaeser, Harvard University
"This important book provides a comprehensive and probing analysis of the Indian economy and its enormous potential. What makes this such an engaging book is that it is a deeply sympathetic and, for that very reason, a deeply critical evaluation of contemporary India. The book's combination of economics, politics, history, and law makes it a fascinating read."--Kaushik Basu, chief economist of the World Bank
"This is international political economy as it should be. Frieden presents a sturdy framework that shows why various interest groups ought to favor strong or weak currencies, and stable or flexible exchange rates. His book's convincing applications of this framework range from sectional politics in nineteenth-century America, to today's eurozone divisions, to the vicissitudes of emerging markets."--Jeffrey Frankel, Harvard University
Measuring Wealth and Financial Intermediation and Their Links to the Real Economy identifies measurement problems associated with the financial crisis and improvements in measurement that may prevent future crises, taking account of the dynamism of the financial marketplace in which measures that once worked well become misleading.
"While most books on derivatives discuss how they work, this book looks at the contributions of derivatives to overall economic well-being. It examines both the beneficial and adverse effects of derivatives trading from the perspectives of economic theory, empirical evidence and recent economic history."
The Age of Sustainable Development is my candidate for most important book in current circulation. Inspirational, encyclopedic in coverage, moving smoothly from discipline to discipline as though composed by multiple experts, Sachs explains why humanity must attain sustainability as its highest priority--and he outlines the best ways to do it.-- Edward O. Wilson, Harvard University
"Not long ago I received a copy of MIT and the Transformation of American Economics, a collection of essays on how American economics became model- and math-oriented after World War II, and of the special role played by the department Paul Samuelson built. There was a lot in there I didn’t know, despite the many years I spent at MIT first as a student, then as faculty. So I found it — as Spock would say — fascinating." — Paul Krugman, Princeton University
"This new Encyclopedia is a most welcome addition, since the tools and the problems of central banking have changed so much with the advent of the global financial crisis. The editors have done a wonderful job in gathering a mix of well-known economists and bright young scholars and practitioners who analyze all the changes that have occurred. The entries provide a pluralistic view of the knowledge that is needed to be an enlightened central banker or a student of central banking."--– Marc Lavoie, University of Ottawa, Canada
"This book crystallizes Stigum’s deep investigation into the philosophical underpinnings of empirical economics. Here he contrasts theories of Frisch and Haavelmo and then his own that illuminate how we do econometrics today. The book is a complex read with nuggets along the way. Stigum may be the James Joyce of econometrics."
—Robert Engle, 2003 Nobel Laureate, Economics
This book presents new evidence on the disadvantage of women in labor markets, with specila focus on the highly educated. It analyses the effects of discrimination based on religion, sexual orientation, and physical appearance and discusses the impact of existing policies to reduce discrimination.
"Many failings were revealed by the on-going financial crisis. The reputations of bankers and regulators have been shredded. But the reputation of academic macro-economists also joined them in the dust-bin. In this important new book Chadha and Holly take stock of the lessons of the financial crisis and the unconventional measures that have had to be adopted, in order to bring academic analysis to bear on the extraordinary events of recent years, and to restore dignity to our profession." Charles Goodhart , LSE