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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 …
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 …
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. …
Today's top financial professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on …
Ben Bernanke's history of the Federal Reserve and its response to the 2008 financial crisisIn 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures …
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 …
In business, as in other aspects of life, we learn and grow from the examples set by others. Imitation can lead to innovation. But in order to grow innovatively, how do businesses …
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 …