World finance and economic stability : selected essays of James Tobin pt. I. Financial globalization and world money pt. II. Currency crises and bailouts pt. III. Growth and the fiscal monetary policy mix pt. IV. Political economy Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobins view the welfare of populations depends uniquely on these policies and it is important to be aware of their impact