New Book: Global Economic Order

The Global Economic Order: The International Law and Politics of Money & Markets by Elli Louka

This is a must-read book for those who wish to understand how the world economic order operates and impacts the well-being of individuals and entire populations.  Exploring in depth the institutions that underpin the global economy, this study provides invaluable insights on why a minimum economic order has endured for so long and why states are unwilling to establish a maximum order, a global safety net for all.  The author investigates how debt, a critical component of states’ economic infrastructure, leads to debilitating crises; and how these crises undermine the economic autonomy and political independence of states.  Louka scrutinizes the work of international organizations and points out the advantages they bring but also the institutional inadequacies and holes that make the global financial system vulnerable.  This book is indispensable for policymakers, students of international politics and law, and those who seek to understand why economic peace is, in many cases, beyond our reach.

Related Sources Availalbe Online

Books and Articles

The Economic Consequences of Peace (Keynes)

Policy in a World of High Capital Mobility (Engel)

Policy in the New Normal (Bayoumi)

How to Design Liquid Markets (BIS)

Living with Asymmetry (Obstfeld)

How to Get out of this Mess (Turner)

Global Liquidity: Public and Private (Landau)

Stitching Together the Global Financial Safety Net (Denbee)

Liberalization of Capital Flows (IMF)

Comparative Advantage

US: From World Banker to Venture Capitalist (Gourinchas & Rey)

Dilemma not Trilemma (Rey)

Triad and Unholy Trinity (Cohen)

Global Liquidity and Procyclicality (Shin)

Liquidation of Government Debt (Reinhart & Sbrancia)

Slapped in the Face by the Invisible Hand (Gordon)

Policy in the Great Depression (Wheelock)

Revealing the Secrets of the Temple (Williams)

Debt and Not Much Deleveraging

Obscurity to Notoriety: ESF (Schwartz)

Dodd-Frank Act and its Consequences (Skeel)

How to Prevent Hard Cases from Making Bad Law (Kahan & Rock)

Global Dollar Credit (McCauley)

In the Press

Technology Quarterly: Cryptocurrencies and Blockchains, Economist

Fear of the Lira, Economist

Beijing Struggles to Keep Its Currency On Course

Bartering for Iran

The Stickly Superpower

Why the Swiss Unpegged the Franc, Economist

Fear of Inverted Yield Curve

Riches to Rugs: Swiss Central Bank Losses

Defying the United States: Instex