With the end of the Cold War, the International Monetary Fund emerged as the most powerful international institution in history. But how much influence can the

Nations with credible monetary regimes borrow at lower interest rates in international markets and are less likely to suffer speculative attacks and currency cr

Access to credit is an important means of providing people with the opportunity to make a better life for themselves. Loans are essential for most people who wa

The Prudential Regulation of Banks applies modern economic theory to prudential regulation of financial intermediaries. Dewatripont and Tirole tackle the key pr

Increasingly integrated global financial markets have been shaken by a series of severe shocks in recent decades, from Mexico’s Tequila crisis to the upheaval