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Spring/Summer 2006

Vol. 26 No. 2

Monetary Institutions and Economic Development

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Articles

Editor’s Note

By James A. Dorn

Building Better Institutions

By Rodrigo de Rato

Monetary Credibility, Inflation, and Economic Growth

By Roger W. Ferguson Jr.

Sound Monetary Policy, Credibility, and Economic Performance

By Mickey D. Levy

Five Persistent Myths about China’s Banking System

By Jonathan Anderson

Renminbi Controversies

By Morris Goldstein

Global Imbalances and Financial Reform with Examples from China

By Raghuram G. Rajan

A Proposal to Privatize Chinese Enterprises and End Financial Repression

By Deepak Lal

Do Financing Biases Matter for the Chinese Economy?

By Yasheng Huang

Does China Save and Invest Too Much?

By John H. Makin

The U.S. Dollar and Prosperity: Accidents Waiting to Happen

An Unconventional Perspective on the Greenspan Record

By William A. Niskanen

Will Emerging Markets Escape the Next Big Systemic Financial Crisis?

By Kenneth Rogoff

The Unsustainability of the U.S. Twin Deficits

By Nouriel Roubini

The Failure of Debt-Based Development: Lessons from Argentina

By Eugenio Andrea Bruno

The Case against a Dollar Policy

By Samuel Brittan

Book Review

Rethinking Bank Regulation: Till Angels Govern by James R. Barth, Gerard Caprio Jr., and Ross Levine

By Robert E. Anderson

The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good by William Easterly

By Prakash Loungani

Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System by John F. Cogan, R. Glenn Hubbard, and Daniel P. Kessler

By Michael F. Cannon

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