Saving Capitalism from the Capitalists is a groundbreaking book that will radically change
our understanding of the capitalist system, particularly the role of financial markets. They are …

This book presents an economic history of international capital mobility in the modern era. It
blends narrative and quantitative methods and connects economic outcomes to the …

The classical doctrine of the Lender of Last Resort (LOLR), elaborated by Bagehot (1873),
asserts that the central bank should lend to “illiquid but solvent” banks under certain …

The potential failure of a large bank presents vexing questions for policymakers. It poses
significant risks to other financial institutions, to the financial system as a whole, and possibly …

The Social Science Encyclopedia, first published in 1985 to acclaim from social scientists,
librarians and students, was thoroughly revised in 1996, when reviewers began to describe …

This paper reviews the literature on currency and banking crises. Currency and banking
crises are characterized according to some standards in the literature and their historical …

This paper provides a model of boom-bust episodes in middle-income countries. It is based
on sectoral differences in corporate finance: the nontradables sector is special in that it faces …

We argue that in order to achieve price stability in a sustainable way, central banks should
consider paying greater attention to credit in their monetary policy strategies than is …

We discuss and develop an imbalance-crisis turning point model to forecast the likelihood of
a financial crisis based on an Analytic Network Process framework. The Analytic Network …

Roughly once a year, the managing director of the International Monetary Fund, the US
treasury secretary and in some cases the finance ministers of other G-7 countries will get a …