In comparative political economy (CPE), ‘patient capital' (‘PC') – primarily from relational banks – is central to categorizing national economies. Yet the rise of ‘market-based banking' highlights the growing inability of commercial banks to be patient. This raises the question of...

Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a 'chain': an often extended sequence of intermediaries. What goes on in that chain is of huge importance: The world's investment managers, who are now...

Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a "chain": an often extended sequence of intermediaries. What goes on in that chain is of huge importance: The world's investment managers, who are now...