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A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the YearWhy our banking system is broken—and what we must do to fix itNew bank failures have been a rude …
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, …
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 …
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 …
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 …
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 …