An Inquiry into Why America Spends While the World Saves
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”
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
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
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...
Too systemic to fail: Consequences, causes, and potential remedies
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...
EDITOR'S PICK OF THE WEEK
China’s Challenging Search for a New Model of Economic Growth
By Danny Leipziger
China cannot continue to rely on exports to drive its growth, but what are the alternatives?
China ran a $1.2 trillion trade surplus last year, and despite admonitions from the IMF to rely...
