The Issue An approach to bank regulatory reform that restricts the scope and incentives for bank balance-sheet expansion funded by short-term debt is essential to preventing another major financia…

Introduction The Obama administration was caught flatfooted by the recent Arab Spring uprisings in the Middle East and North Africa. Not only did the intelligence community fail to warn senior off…

Introduction The global financial crisis has exposed a weakness in the international monetary (non-)system. Desired levels of currency reserves in emerging markets have jumped over the past decade…