Since 2008 Europe has been mired in a combination of economic depression, financial crisis, and public and private debt overhangs. Greece…
Authors Carmen M. Reinhart and Kenneth Rogoff discuss Venezuelan President Nicolas Maduro's response to a commentary by Ricardo Hausmann…
This paper, written as a chapter for the forthcoming 13th edition of the case study volume, The Structure of American Industry, examines…
Nonprofit charities and foundations hold endowments and many other kinds of investments. How do these investments perform? Some high-…
We continue our examination of the investment performance of nonprofit charities and foundations. This analysis tests hypotheses about what…
Historically, capital flow bonanzas have often fueled sharp credit expansions in advanced and emerging market economies alike. Focusing…
We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the…
Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy…