Economics and political economy lack the analytical tools to explain the differing impact of the recent international financial crisis that erupted in 2007 on d

The global financial system has proven increasingly unstable and crisis-prone since the early 1980s. The system has failed to serve either creditors or debtors

Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies expe

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government repo

The global financial crisis has caused massive upheavals worldwide. This volume analyzes whether financial principles seem to have shifted, and what that may me