An Inquiry into Why America Spends While the World Saves

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By Sheldon Garon Recently the issue of saving has become maybe too exciting. Despite a booming economy, household saving rates sank to near-zero levels by...

A Comment on “The American Mortgage System: Crisis and Reform”

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By Marvin M. Smith, Anthony Orlando, and Susan Wachter “If price discovery continues to be unattainable in both the subprime, structured CDO and lower quality...

Emerging Markets are Re-Shaping the Global Economy, But Also Shaking It

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By George Magnus From global tourism to manufactured products, and from industrial processes to modern technologies order, the re-convergence of emerging markets and their economic...

The Causes of the Banking Crises of the 1920’s

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By Simon D. Norton The credit crunch of 2007-2008 shares many similarities in terms of causes with the Depression Era and wave of bank failures...

The United States of America or the Soviet Socialist States of America?

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By Richard Morrish "Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take...

Too systemic to fail: Consequences, causes, and potential remedies

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By Raghuram Rajan Perhaps the single biggest distortion to the free enterprise system is when a number of private institutions are deemed by political and...

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