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Guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common goodCentral bankers have emerged from the financial crisis as …
How the U.S. Federal Reserve began actively intervening in marketsWalter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in …
Eric Davis challenges classic theories of dependency and imperialism and explains the history of the Bank Misr by interrelating world market forces, Egyptian class structure, and …
As the preeminent international development agency for the past sixty years, the World Bank has attracted equal amounts of criticism and praise. Critics are especially quick to …
Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the …
Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable …
Almost every country in the world has sophisticated systems to prevent banking crises. Yet such crises--and the massive financial and social damage they can cause--remain common …
Why are people continually surprised to discover that money is "e;just"e; meaning? Mutual Life, Limited spends time among those who, in acknowledging the fictions of …
Postbellum economic change in the United States required an efficient system by which capital could be transferred to areas where it was relatively scarce. In assessing the …
Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the …