Finance

How do we rebuild trust in financial services?

The former chairman of Britain’s Financial Services Authority and author of the forthcoming book “Between Debt and the Devil” explains why private debt, not banks, deepened the financial crisis and continues to cause trouble today.

Yes, it is a tale of two nations, but in a much broader way than you think. Not just England and Scotland, but an equally salient parallel between Great Britain and Canada.

Remarks from Finance & Society May 6, 2015

Introductory remarks at the 2015 Finance & Society conference in Washington D.C.

In this session Anat Admati and Brooksley Born discuss their observations about financial regulation needed to make sure the financial system serves society.

Closing remarks at the 2015 Finance & Society conference in Washington D.C.

Senator Elizabeth Warren, Federal Reserve Chairman Janet Yellen, and IMF Managing Director Christine Lagarde joined a renowned group of globally influential women in discussing how the financial system can be re-imagined to truly benefit society.

As Greece descended into a financial maelstrom in the spring of 2010, a small group of staffers at the International Monetary Fund (IMF) held top-secret talks with officials from the German and French finance ministries to discuss the idea of restructuring Greece’s debt.

Gudrun Johnsen on Iceland, “womenomics”, and Finance & Society

It Could Fall On You.

A member of the Austrian Central Bank tells us his research on wealth and income inequality in Europe.

In recent decades, advanced economies have experienced low and stable inflation and long periods of liquidity trap. We construct an alternative business-cycle model capturing these two features by adding two assumptions to a money-in-the-utility-function model: the labor market is subject to matching frictions, and real wealth enters the utility function. These assumptions modify the two core equations of the standard New Keynesian model