The current banking crisis highlights the challenges faced in the traditional lending model, particularly in terms of screening smaller…
This paper talks about the unique institutional innovations microfinance has experienced in the last three decades - from the entry of new…
Many studies have replicated the finding that the forward rate is a biased predictor of the future change in the spot exchange rate.…
The inability to see the advantages of close state-business relations is the blind spot of modern economic liberalism. Just look at how the…
It may take a few months or a couple of years, but one way or another the United States and other advanced economies will eventually…
What a difference the crisis has made for the International Monetary Fund. It was just a few months ago that this important but unloved…
The clarion call for a global system of financial regulation can be heard everywhere. From Angela Merkel to Gordon Brown, from Jean-Claude…