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Cover -- Title Page -- Copyright Page -- Contents -- Introduction -- Part One Money -- Chapter 1 The Power of the Fed -- The Power to Create Credit -- In the Beginning -- The Fed's Balance Sheet: Two Snapshots -- Furnishing an Elastic Currency -- Providing Credit -- Federal Reserve Credit and the Monetary Base -- Constraints -- Conclusion -- Appendix One The Fed's Balance Sheet -- Appendix Two Traditional Monetary Policy -- Notes -- Chapter 2 1914 to 1920: World War I -- The Balance Sheet -- Notes -- Chapter 3 1920 to 1930: After the War -- The Balance Sheet -- Conclusion -- Notes -- Chapter 4 1930 to 1941: The Great Depression -- Total Assets -- The Great Depression -- Gold -- Gold Coverage -- Excess Reserves -- Notes -- Chapter 5 1941 to 1945: World War II -- War Financing -- Balance Sheet -- Federal Reserve Credit and Commercial Bank Credit -- Deposit Creation by Commercial Banks -- Bretton Woods -- Conclusion -- Notes -- Chapter 6 1945 to 1971: The Bretton Woods Era -- Assets -- Balance Sheet -- Federal Reserve Credit -- The End of Gold-Backed Money -- Notes -- Chapter 7 1971 to 2007: After Gold -- Assets -- Liabilities -- Conclusion -- Notes -- Part Two Credit -- Chapter 8 Credit Creation by the Banking System -- Commercial Banks Create Money, Too -- How the Process Works -- Two Factors Determine How Much Credit Banks Can Create -- Credit Creation by Commercial Banks: 1914 to 2007 -- Why Bank Credit Grew Much Faster than Bank Reserves -- Notes -- Chapter 9 Credit Creation by the Financial Sector -- Creditopia -- The Non-Bank Financial Sector Creditors -- Funding Through Credit Creation -- Credit Without Reserves -- Appendix -- Notes -- Chapter 10 Credit Creation by ForeignCentral Banks -- The Financial Sector Is Not Alone -- The Rest of the World -- The Liquidity Gauge -- Notes -- Chapter 11 Creditism -- A Credit Bonanza -- The Debtors.

In this updated, second edition of the highly acclaimed international best seller, The Dollar Crisis: Causes, Consequences, Cures, Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump. The Dollar Crisis is divided into five parts: Part One describes how the US trade deficits, which now exceed US1 million a minute, have destabilized the global economy by creating a worldwide credit bubble. Part Two explains why these giant deficits cannot persist and why a US

AbstractReflection on experiences in Brazil and elsewhere provides insight into the advisory process in international technical cooperation projects and alternative roles for evaluation advisers.