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Inflation targeting insufficient: central banks and governments must manage the quantity and mix of credit created

Financial Globalization and its Cryptocurrency Discontents

The proliferation of China’s opaque, loosely regulated (or unregulated) shadow-banking system has been raising fears of possible financial instability. But just how extensive – and how risky – is shadow banking in China?

Stagnating real wages may have contributed to the slowdown of US productivity

Venezuela is caught between economic collapse, foreign intervention, and the invisible machinery of the global economy.

The Fed is taking an aggressive approach to put out the economic fires of the pandemic. But it needs to allow for flexibility as some business models irreparably change.

Adair Turner discusses his new book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance.

Adair Turner talks about his new book, Between Debt & the Devil: Money, Credit, and Fixing Global Finance with Martin Wolf of the Financial Times in a free, public discussion.

You know the country is in a financial mess when even establishment figures such as Rachel Lomax are calling for revolutionary thinking

The recent financial crisis has impressively illustrated the dangers of rapid credit growth in a painful way.

Social safety nets don’t always need to come with a dark side

What kind of “Minsky Moment”?

In a society where asset ownership is incredibly unequal, social mobility becomes severely diminished

Challenges And Emerging Perspectives

Comparing outcomes for biological and adopted children sheds light on the intergenerational transmission of wealth.