Playing Monopoly with the Devil Dollarization and Domestic Currencies in Developing Countries Manuel Hinds

Publication date:
13 Oct 2006
Yale University Press
296 pages: 234 x 156 x 20mm
black & white illustrations

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In this book, David E. Brandt examines the legal, psychological, and cultural issues relevant to understanding antisocial behavior in adolescence. Based on his own research and a broad analysis of recent work in the field, Brandt identifies the factors that are common in cases of delinquency.The discussion considers the long-term effects of social issues such as poverty as well as psychological issues such as the high levels of stress and anxiety suffered during childhood by many delinquents. He shows how a failure to meet the developmental needs of children--at both the family level and at a broader social and political level--is at the core of the problem of juvenile delinquency. Brandt concludes with an inquiry into how best to prevent delinquency. Programs that address the developmental needs of children, Brandt argues, are more effective than policing, juvenile courts, or incarceration.

Manuel Hinds is a consultant to international institutions and governments on issues related to the financial system. He was chief adviser to the president of El Salvador on the dollarization of the country in 2000-2001.

?In this remarkably lucid and fun book, Manuel Hinds explodes any remaining myths about the need for most countries to maintain their own currencies.  For a watertight explanation of how and why dollarization makes eminent sense, one couldn?t do better than read this book.??Robert Litan, Vice President for Research and Policy at the Kauffman Foundation, Senior Fellow at the Brookings Institution, and co-author of Financial Statecraft 

"Dollarization as a policy idea is much more discussed than tested. Manuel Hinds has helped put it to the test in El Salvador with some impressive results. This book makes a powerful argument: It should be read by all who wish to act or opine on the critical question of whether one country, one currency is right for the twenty-first century."?Lawrence Summers, former Secretary of the Treasury of the United States and president of Harvard University

"Explores currency problems that developing countries face, and offers sound practical advice for policy makers on how to deal with them. The book challenges myths that surround domestic currencies, and shows the clear rationality for dollarization."?Abstracts of Public Administration, Development, and Environment