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pearl35's review against another edition
3.0
Although written in 2006, this is a starter primer on the various ways in which control of capital flow affects foreign policy, from dollarization to case studies of PetroChina and Gazprom. For my purposes, one of the most useful pieces was acknowledgement that determined enemies can mount relatively cheap attacks, and fall back on traditional and low-tech means of moving money to get around controls like those contained in the Patriot Act.
bsweezy's review
3.0
I am quite enjoying this book. Written by the finance lead on the Council of Foreign Relations in 2006, this book's discussion of global "credit crises," "liquidity gaps," "fear of booking losses on unretrievable loans," and the dangers of heavily leveraged banks investing in consumer credit and real estate is relevant and believable. I'm glad it was published in 2006 and not this year because I would not trust this language if it were more recent.