This is both a fascinating personal narrative of the often colorful warriors rebuilding a part of war-torn Yugoslavia, and a detailed inside look at how experts can stabilize a nation's currency and banking system. Written by an American who has led International Monetary Fund advisory missions to the central banks of more than twenty countries, this book, crafted in layman's language - but of immense value to specialists in monetary and foreign policy initiatives - is an account of the behind-the-headlines work American and other economists do to bring peace and prosperity to former failed states.Coats was involved in the creation of the Central Bank of Bosnia from before the Dayton Peace Accords. His "currency board" rules for monetary policy, and the creation of the bank, have resulted in the most successful state institution in the country.Marking the tenth anniversary of the bank, the technical world of economics comes alive as the book unfolds like a mystery novel full of colorful and determined people determined to escape the disaster of a bloody civil war.
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About the Author
Warren Coats received his undergraduate degree at U.C. Berkeley and his Ph.D. at the University of Chicago. Currently advisor to central banks in four countries, he has led technical assistance missions to more than twenty countries, including China, Israel, Egypt, Iraq and the Czech Republic. For 26 years he held various positions at the International Monetary Fund.
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Most Helpful Customer Reviews
5.0 out of 5 stars
great book,
By history buff (Washington, DC) - See all my reviews
This review is from: One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina (Hardcover)
This is a very well done book that makes a useful teaching tool for anyone wanting to understand economics at work in the real world. I recommend it highly.
5.0 out of 5 stars
Insightful observations from one who was there,
By
This review is from: One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina (Hardcover)
Dr. Coats does a great job of describing the process of creating from "scratch" a viable economic system. His ability to tell a tale coupled with his inside knowledge makes this a great source of insights for any one of us who are tried to figure out how an economic system is put together.
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