Niall Ferguson's The Ascent of Money has been on my reading list since it was part of a globalEDGE blog series two years ago. Ferguson traces the origins of money and the financial system itself carefully tracing how we reached a time and place where money is almost entirely electronic. Along the way, he explores everything from insurance to hedge funds, the bond market and the IMF. He offers a discussion of the Dutch West India Company - arguably the world's first global trading company - and his exposition on the Scottish Widows insurance company should make Arthur Herman proud. There's even a bit on the crisis state of Detroit. In sum, Ferguson's work is a nice, comprehensive read for those seeking to understand the evolution of the world's financial systems, crises, and interconnectedness.
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