What the world needs is a Fed chairman instinctively sceptical of financial markets and their social value.
The race is on to fill the most important economic policy...
If stock market and interest-rate spreads are to be believed, America's economy has seen the worst and may be on its way to a slow recovery. But the troubles for the...
Very few among them (notable exceptions including Nouriel Roubini and Robert Shiller) raised alarm bells about the crisis to come. Perhaps worse still, the profession...
Capitalism is in the throes of its most severe crisis in many decades. A combination of deep recession, global economic dislocations, and effective nationalization of...
We don’t have the answers to these questions, in part because the consequences will depend on what actions policymakers take. The right responses will ensure that the...
Emerging markets’ external and fiscal positions have been stronger than ever, thanks to the hard lessons learned from their own crisis-prone history.We might even have...
Then we enable these loans to be pooled and packaged into securities that can be sold to investors, reducing risk in the process. We divvy up the stream of payments on...
The latest round of talks in Geneva has once again failed to produce an agreement. Judging by what the financial press and some economists say, the stakes could not be...
Recent events have heightened the urgency with which these issues are discussed. The presidential electoral campaign in the United States has highlighted the frailty of...
The Spence report represents a watershed for development policy — as much for what it says as for what it leaves out. Gone are confident assertions about the virtues...
Good governance is, of course, essential insofar as it provides households with greater clarity and investors with greater assurance that they can secure a return on...
That stability reflected a simple quid pro quo: regulation in exchange for freedom to operate. Governments brought commercial banks under prudential regulation in...