No Reserve

Martín Redrado

ISBN 10: 1511332662 ISBN 13: 9781511332668

Publisher: Brilliance Audio, 2015

Synopsis

No Reserve: The Limit of Absolute Power is a gripping and historically fascinating look into the dangers of mixing political power and economics in an emerging country. Written by Martín Redrado, president of Argentina’s Central Bank (2004-2010), readers learn how this Harvard-educated veteran of Wall Street and leading Latin American economist was appointed by the country’s President, Nestor Kirchner, to lead Argentina through difficult economic times.

By 2008, the country, along with the world, was in financial crisis and through the independent policies of the Central Bank was able to overcome for the first time in decades a history of cyclical breakups. At the beginning of 2010, when Redrado was asked to cover the costs of public spending and out-of-control national debts, his tenure was over.

Ethical, determined, and loyal to his country, the author began his fight against financial corruption. Readers will be intrigued by Redrado’s explanations of emerging world markets, tenets of central banking, and how governments can cause and avoid financial crises.

About this title

Review:

"Martín Redrado is a hero among the world’s central bankers. His principled refusal to buckle under intense political pressure to promote irresponsible policies ended his career as president of the Argentine central bank. This highly readable book traces his courageous journey through political minefields." - Alan Greenspan

An Interview with Martín Redrado

Martín Redrado, the former president of the Central Bank of Argentina, recently agreed to answer six questions from The Daily Caller about his book and other topics of interest:

Question: Why did you write the book?

Martin Redrado: My book, No Reserve, explains the political nuances in an emerging country, which happens to be Argentina. This story gives the reader a better understanding of how the developing world works in business and politics.

Question: Give us a brief summary of what the book is about.

Martin Redrado: No Reserve is a look into the dangers of mixing political power and economics in an emerging country. The book exposes the peculiarities of public life and reveals how I helped lead my country out of the 2008-2009 global economic crises.

Through the independent policies of the Central Bank, Argentina was able to overcome, for the first time in decades, a history of cyclical breakups. At the beginning of 2010, when I was asked to cover the costs of public spending and out-of-control national debts, my tenure was over. Determined, and loyal to my country, I began a fight against financial corruption. I explain emerging world markets, tenets of central banking, and how governments can cause and avoid financial crises.

Question: Why should Americans be concerned about what happens in Argentina?

Martin Redrado: Argentina is the third market in Latin America after Brazil and Mexico. Most importantly, this story provides deep insight into how to deal with any emerging economy. Growth in this decade is coming from Asia and Latin America so a better political understanding will make Americans more knowledgeable in their relations with these countries.

Question: Outside of the Middle East, according to the Pew Global Attitudes poll, Argentinians consistently hold among the most negative views of America. Why do you think that is?

Martin Redrado: There is a lack of understanding in both countries of our idiosyncrasies, and our different approaches to confront our problems. We try to explain our bilateral relations through local and somewhat ideological prisms.

Question: What are the three books that most shaped your worldview?

Martin Redrado: Presidential Power by Richard Neustadt, Soft Power by Joseph Nye and Human Capitalism by Jacques Maritain, are the three books that made a strong impact in my political views and my approach to international relations.

Question: What is your view about Hugo Chavez in Venezuela?

Martin Redrado: Hugo Chavez leads an authoritarian regime, which does not allow the country to realize the potential that Venezuela has. However, we need to integrate this important country with the rest of South America in generating a comprehensive regional energy policy.

(Interview by Jamie Weinstein for The Daily Caller.)

About the Author:

International policy maker Martín Redrado is a Harvard-educated, Wall Street-seasoned economist whose determination and willingness to stand up against authority led his country out of the 2008-2009 world financial disaster. The former president of the central Bank of Argentina, Redrado is credited with recognizing government corruption and fighting for Argentina’s economic survival. He created Fundación Capital, an economic think tank in Latin America, and he is author of four books: How to Survive Globalization, Exports for Growth, Time of Challenges and No Reserve.

Born and reared in rural Ohio, Dan Newland has lived and worked in Argentina since 1973.  He worked for 13 years at the Buenos Aires Herald, a daily renowned for its valiant human rights campaign during Argentina's bloody era of military rule. Newland's editorial comments contributed to that effort. He reached the post of managing editor before leaving the Herald to begin his current, life-long career as an independent writer, translator and editor.

About this edition

• Publisher: Brilliance Audio
• Publication date: 2015
• ISBN 10: 1511332662
• ISBN 13: 9781511332668
• Binding: MP3 CD