A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year Why our banking system is broken—and what we must do to fix it New bank fa

From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of in

Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic bank

A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What polici

An inside look at the role and future of central banking in the global economy The crash of 2008 revealed that the world's central banks had failed to offset th