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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 new technology is rapidly changing the nature of money and the way we payA diverse and growing range of financial institutions and platforms—from PayPal and Venmo to WeChat, …
This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering …
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 …
How a vast network of shadow credit financed European growth long before the advent of bankingPrevailing wisdom dictates that, without banks, countries would be mired in poverty. …
The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In this …
How silver influenced two hundred years of world history, and why it matters todayThis is the story of silver’s transformation from soft money during the nineteenth century to hard …
This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark "Phelps volume," Microeconomic Foundations of Employment and …
Dealer banks--that is, large banks that deal in securities and derivatives, such as J. P. Morgan and Goldman Sachs--are of a size and complexity that sharply distinguish them from …