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# Spring/​Summer 2006 

Vol. 26 No. 2 

Monetary Institutions and Economic Development

##### Articles 

#### [Editor’s Note ](/cato-journal/spring/summer-2006/editors-note)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [Building Better Institutions ](/cato-journal/spring/summer-2006/building-better-institutions)

By Rodrigo de Rato 

#### [Monetary Credibility, Inflation, and Economic Growth ](/cato-journal/spring/summer-2006/monetary-credibility-inflation-economic-growth)

By Roger W. Ferguson Jr. 

#### [Sound Monetary Policy, Credibility, and Economic Performance ](/cato-journal/spring/summer-2006/sound-monetary-policy-credibility-economic-performance)

By Mickey D. Levy 

#### [Five Persistent Myths about China’s Banking System ](/cato-journal/spring/summer-2006/five-persistent-myths-about-chinas-banking-system)

By Jonathan Anderson 

#### [Renminbi Controversies ](/cato-journal/spring/summer-2006/renminbi-controversies)

By Morris Goldstein 

#### [Global Imbalances and Financial Reform with Examples from China ](/cato-journal/spring/summer-2006/global-imbalances-financial-reform-examples-china)

By Raghuram G. Rajan 

#### [A Proposal to Privatize Chinese Enterprises and End Financial Repression ](/cato-journal/spring/summer-2006/proposal-privatize-chinese-enterprises-end-financial-repression)

By [Deepak Lal](https://www.cato.org/people/deepak-lal) 

#### [Do Financing Biases Matter for the Chinese Economy? ](/cato-journal/spring/summer-2006/do-financing-biases-matter-chinese-economy)

By Yasheng Huang 

#### [Does China Save and Invest Too Much? ](/cato-journal/spring/summer-2006/does-china-save-invest-too-much)

By John H. Makin 

#### [The U.S. Dollar and Prosperity: Accidents Waiting to Happen ](/cato-journal/spring/summer-2006/us-dollar-prosperity-accidents-waiting-happen)

#### [An Unconventional Perspective on the Greenspan Record ](/cato-journal/spring/summer-2006/unconventional-perspective-greenspan-record)

By [William A. Niskanen](https://www.cato.org/people/william-niskanen) 

#### [Will Emerging Markets Escape the Next Big Systemic Financial Crisis? ](/cato-journal/spring/summer-2006/will-emerging-markets-escape-next-big-systemic-financial-crisis)

By Kenneth Rogoff 

#### [The Unsustainability of the U.S. Twin Deficits ](/cato-journal/spring/summer-2006/unsustainability-us-twin-deficits)

By Nouriel Roubini 

#### [The Failure of Debt-Based Development: Lessons from Argentina ](/cato-journal/spring/summer-2006/failure-debt-based-development-lessons-argentina)

By Eugenio Andrea Bruno 

#### [The Case against a Dollar Policy ](/cato-journal/spring/summer-2006/case-against-dollar-policy)

By Samuel Brittan 

##### Book Review 

##### [*Rethinking Bank Regulation: Till Angels Govern* by James R. Barth, Gerard Caprio Jr., and Ross Levine](/cato-journal/spring/summer-2006/rethinking-bank-regulation-till-angels-govern-james-r-barth-gerard)

By Robert E. Anderson 

##### [*The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good* by William Easterly](/cato-journal/spring/summer-2006/white-mans-burden-why-wests-efforts-aid-rest-have-done-so-much-ill-so)

By Prakash Loungani 

##### [*Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System* by John F. Cogan, R. Glenn Hubbard, and Daniel P. Kessler](/cato-journal/spring/summer-2006/healthy-wealthy-wise-five-steps-better-health-care-system-john-f)

By [Michael F. Cannon](https://www.cato.org/people/michael-f-cannon) 

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