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Winter 2005

Vol. 25 No. 1

International Monetary Reform and Capital Freedom

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Articles

Editor’s Note

By James A. Dorn

Monetary Policy in a World of Mobile Capital

By Ben S. Bernanke

New Mandates for the IMF and World Bank

By Allan H. Meltzer

Institutional Reform and Sovereign Debt Crises

By Raghuram G. Rajan

A Leap of Faith for Sovereign Default: From IMF Judgment Calls to Automatic Incentives

By Adam Lerrick

Fiscal Conservatism, Exchange Rate Flexibility, and the Next Generation of Debt Crises

By Kenneth Rogoff

Exchange Rate and Monetary Policy in China

By Nicholas Lardy

China’s Defense of the Peg Perpetuates Central Planning

By David F. DeRosa

Exchange Rates and Capital Freedom in Developing Markets

By Leland B. Yeager

Dealing with Exchange Rate Protectionism

By Anna. J. Schwartz

Exchange Rate Protectionism: A Harmful Diversion for Trade and Development Policy

By David Malpass

Some Theory and History of Dollarization

By Kurt Schuler

Financial Integration and Dollarization: The Case of Panama

By Juan Luis Moreno-Villalaz

Currency Privatization as a Substitute for Currency Boards and Dollarization

By George Selgin

Capital Controls: Mud in the Wheels of Market Efficiency

By Kristin J. Forbes

The Recent Stabilization Experience in Mexico

By Manuel Sanchez

Book Review

Where the Right Went Wrong: How Neoconservatives Subverted the Reagan Revolution and Hijacked the Bush Presidency by Patrick J Buchanan

By Patrick Basham

The Right Nation: Conservative Power in America by John Micklethwait and Adrian Wooldridge

By Patrick Basham

What’s the Matter with Kansas? How Conservatives Won the Heart of America by Thomas Frank

By Patrick Basham

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