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From the New York Times bestselling author of This Time Is Different, "a fascinating and important book" (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion--and to battle financial crises by tapping the power of negative interest ratesThe world is drowning in cash--and ... More

From the New York Times bestselling author of This Time Is Different, "a fascinating and important book" (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion—and to battle financial crises by tapping the power of negative interest ratesThe world is drowning in cash—and it... More

Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the... More

A report from the International Monetary Fund.... More

This paper reviews recent empirical evidence, including some new research, on the effects of financial globalisation for developing countries. It focuses on three issues: whether financial globalisation promotes economic growth in developing countries; the impact on macroeconomic volatility in thes... More