Safe assets play a critical role in an (y) economy. A safe asset is an asset that is (almost
always) valued at face value without expensive and prolonged analysis. By design, there is …

China is the world's largest official creditor, but we lack basic facts about the terms and
conditions of its lending. Very few contracts between Chinese lenders and their government …

Economic theories posit that bank liability insurance is designed to serve the public interest
by mitigating systemic risk in the banking system through the reduction of liquidity risk …

The COVID-19 pandemic presents an opportunity to refocus scholarly attention on the
politics of crisis. Crises that abruptly upend political and economic relations are important …

Populism and Liberal Democracy is the first book to offer a comprehensive theory about
populism during both its emergence and consolidation phases in three geographical …

In the century after the Civil War, an economic revolution improved the American standard of
living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air …

Banks are unique financial institutions in that they combine the production of liquid claims—
that is, demand deposits—with loans. Though banks can replicate most of what FinTech …

Adair Turner became chairman of Britain's Financial Services Authority just as the global
financial crisis struck in 2008, and he played a leading role in redesigning global financial …

“Mervyn King may well have written the most important book to come out of the financial
crisis. Agree or disagree, King's visionary ideas deserve the attention of everyone from …

This book argues that-in terms of institutional design, the allocation of power and privilege,
and the lived experiences of citizens-democracy often does not restart the political game …