Macrofinancial linkages have long been at the core of the IMF's mandate to oversee the stability of the global financial system. With the advent of the economic crisis, the Fund has drawn on this research in order to contribute to critical debates on the nature of appropriate po…
The Founding Fathers might listen to today's political harangues about the United States' debt and deficits with bemusement. Not much has changed in the more than 200 years of America's existence, except that the absolute numbers are a lot bigger than they were in 1776. Througho…
"America is mired in debt--more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the…
"America is mired in debt--more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the…
"America is mired in debt--more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the…
Provides historical context for the 2008 financial crisis and proposes a radical solution, the megabanks deemed "too big to fail" must be made smaller.--
Johnson and Kwak examine not only how Wall Street's ideology, wealth, and political power among policy makers in Washington led to the financial debacle of 2008, but also what the lessons learned portend for the future.
Provides historical context for the 2008 financial crisis and proposes a radical solution, the megabanks deemed "too big to fail" must be made smaller.--
In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country's gross do…
"Provides historical context for the 2008 financial crisis and proposes a radical solution: the megabanks deemed 'too big to fail' must be made smaller"--
