"'At a time when many observers are concerned about the danger of currency and economic wars, this scholarly account of the monetary and economic tensions of the troubled years from 1918 to 1939 is particularly welcome. While Alessandro Roselli rightly dismisses the simplistic notion that this...

The policy reaction to the COVID-19 pandemic will increase budget deficits massively in the world’s leading countries. The deficits will largely be monetised, with heavy state borrowing from both national central banks and commercial banks. The monetisation of budget deficits, combined with...