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Spring/Summer 2008

Vol. 28 No. 2

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Monetary Arrangements in the 21st Century

Articles

Editor’s Note

By James A. Dorn

The Fed’s Road toward Greater Transparency

By Ben S. Bernanke

Renminbi Exchange Rates and Relevant Institutional Factors

By Yi Gang

The Future of the Renminbi and Its Impact on the Hong Kong Dollar

By Eddie Yue and Dong He

The Costs and Implications of PBC Sterilization

By John Greenwood

The Role of the Renminbi in the World Economy

By Fred Hu

Monetary Stability, Exchange Rate Regimes, and Capital Controls: What Have We Learned?

By Miranda Xafa

The Case for Price Stability with a Flexible Exchange Rate in the New Neoclassical Synthesis

By Marvin Goodfriend

Monetary Policy and the Legacy of Milton Friedman

By Anna. J. Schwartz

Milton Friedman and the Euro

By Antonio Martino

Friedman: Float or Fix?

By Steve H. Hanke

Milton Friedman and the Case against Currency Monopoly

By George Selgin

The Federal Reserve’s Role in the Great Contraction and the Subprime Crisis

By Richard H. Timberlake Jr.

Economic Development and the Role of Currency Undervaluation

By Surjit Bhalla

Lessons from Monetary and Real Exchange Rate Economics

By Arnold C. Harberger

Book Review

Freedom from Want: American Liberalism and the Global Economy by Edward Gresser

By Daniel Griswold

The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives by Stephen T. Ziliak and Deirdre N. McCloskey

By Peter Van Doren

My Grandfather’s Son by Clarence Thomas

By Ilya Shapiro

Supreme Discomfort: The Divided Soul of Clarence Thomas by Kevin Merida and Michael A. Fletcher

By Ilya Shapiro

Rumsfeld’s Wars: The Arrogance of Power by Dale R. Herspring

By Ionut Popescu

World War IV: The Long Struggle against Islamofascism by Norman Podhoretz

By Christopher A. Preble

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