Description
The book opens with an entertaining story of the Devil, who, through a series of common macroeconomic maneuvers, coaches the president of a mythical country into financial ruin. This ruler's path is not unlike that taken in several real developing countries, to their detriment. Hinds goes on to introduce new ways of thinking about financial systems and monetary behavior in Third World countries.
About the Author
Manuel Hinds is a consultant to international institutions and governments on issues related to the financial system. He was chief adviser to the president of El Salvador on the dollarization of the country in 2000-2001.
Reviews
"In this remarkably lucid and fun book, Manuel Hinds explodes any remaining myths about the need for most countries to maintain their own currencies. For a watertight explanation of how and why dollarization makes eminent sense, one couldn't do better than read this book."-Robert Litan, Vice President for Research and Policy at the Kauffman Foundation, Senior Fellow at the Brookings Institution, and co-author of Financial Statecraft -- Robert Litan
"Dollarization as a policy idea is much more discussed than tested. Manuel Hinds has helped put it to the test in El Salvador with some impressive results. This book makes a powerful argument: It should be read by all who wish to act or opine on the critical question of whether one country, one currency is right for the twenty-first century."-Lawrence Summers, former Secretary of the Treasury of the United States and president of Harvard University
-- Lawrence SummersBook Information
ISBN 9780300113303
Author Manuel Hinds
Format Hardback
Page Count 304
Imprint Yale University Press
Publisher Yale University Press
Weight(grams) 567g
Dimensions(mm) 235mm * 156mm * 22mm