Confronting the New Reality: Globalisation, the Global Financial Crisis and the State
By John Farrar &David Mayes
Globalisation and the Global Financial Crisis (GFC) have presented major challenges to orthodoxy. John Farrar and David Mayes discuss the...
Trade Imbalances and the Global Financial Crisis
By Michael Pettis
The source of the global crisis through which we are living can be found in the great trade and capital flow imbalances...
Governance of International Banking: The Financial Trilemma
By Dirk Schoenmaker
International banking is at the cross-roads. Are we heading for the decentralised banking model, by which banks are split in national subsidiaries...
How the Great Moderation Became a (Contained) Depression and What to Do About It
By Barry Z. Cynamon, Steven M. Fazzari & Mark Setterfield
The Great Recession was deep and the subsequent recovery has been slower than most economists...
A Tale of Two Games: Global Strategies of Multinational Companies in China’s E-commerce Market
By Xin Wang & Justin Ren
Why has there been hardly any successful entry into China’s e-commerce market by western firms? From consumer-to-consumer markets to...
Mortgage Lending Solutions for Troubled Markets
By Anna DeSimone
Creation of wealth began with farmers who planted something into the land and earned income from harvesting food. Others created wealth from...
Can Financial Innovations Mitigate Civil and Ethnic Conflict?
By Saumitra Jha
The failure to align the incentives of self-interested groups in favor of beneficial reform is often considered a major cause of civil...
Oil For Food: Big Business in The Middle East
By Eckart Woertz
Middle Eastern countries are highly dependent on food imports. They have reacted to the global food crisis of 2008 with various measures...
Sistema, Power Networks and Informal Governance in Putin’s Russia
By Alena Ledeneva
In her new monograph Can Russia Modernise? Sistema, Power Networks and Informal Governance, Alena Ledeneva seeks to decode and reveal how informal...
Macro-Prudential Supervision in Europe’s Banking Union
By Dirk Schoenmaker
Eurozone banking union discussions are full of questions about the scope of Eurozone micro-prudential bank supervision. Yet, this article argues that there...
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...
