China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from myriad interactions among those seeking finance on the one hand and savers seeking rewarding investments on the other. Such spontaneous securities markets did emerge throughout...

What are the preferred policy responses of host country residents to large migration inflows, and to what extent are these preferences driven by contact with migrants as well as values such as humanitarianism This paper addresses these questions using new data on preferences of Colombians for...

The financial crisis that began in August 2007 has blurred the sharp distinction between monetary and financial stability. It has also led to a revival of practical central bank co-operation. This paper explains how things have changed. The main innovation in central bank cooperation during this...

Scholars collected into a group within a university department pollinate one another and sometimes come jointly to project a certain flavor or brand of scholarship, often led by minds of singular vision and originality. A notable case of such emergence sprang from the department of economics at...

Much of federal government policy-making and -implementing is economic in matter and repercussion. But most policy decisions are made ultimately by non-economists. There are many economists in government, some of them seasoned government careerists and some on leave from universities. But what...