Articles

New Thinking about Modigliani-Miller

Currencies or Commodities?

Breaking the Silence

One INET project is to “reconnect the teaching of economics with the working of the actual economy,” which is to begin with a reform of the undergraduate curriculum.

In my last post I argued that if we want a Fed that is ready for the next crisis, we had better understand what happened to it during the last one.

(Way) Beyond Diamond-Dybvig

But not by him

The concept of bank capital

Who’s afraid of finance?

Before the dollar there was the pound, and after the dollar there will be something else.