How should central bankers provide aid to struggling financial institutions during a panic? Ask 19th-century economic theorist Walter Bagehot. Or, if you can't do that, ask his biographer: acclaimed author, publisher, and monetary scholar James Grant. Join Grant and the Cato Institute's George Selgin on Wednesday, September…

dollarization, Ecuador, mercantilism, trade

An interesting debate has arisen in Ecuador during recent weeks over the following proposition advanced by authors at a Quito think tank: a dollarized country shouldn’t reduce its tariffs when the dollar is overvalued relative to the currencies of its regional trading partners (according to purchasing-power-parity measures)…

Cato Journal, monetary policy, Cato 36th Annual Monetary Conference, James Dorn, new release

The Spring/Summer 2019 edition of the Cato Journal, the Cato Institute’s interdisciplinary journal of public policy, is now available online. This issue features papers from Cato’s 36th Annual Monetary Conference held last November, ten years after the financial panic of 2008. At that conference, leading scholars and policymakers discussed…