"Why do conservatives have such a hard time winning the economic debate in the court of public opinion? Simple, George Gilder says: conservatives misunderstand economics almost as badly as liberals do. Republicans have been running on tax cut proposals since the era of Harding and Coolidge...

This paper argues for a transformation of finance to support the economic and social transformation of the Middle East and North Africa. The paper first documents the existing financial system in the region. The system is heavily skewed toward banking, relative to non-banking services, such as...

1. Towards a market-based monetary policy / Anwar Nasution -- 2. Rebuilding the banking system in Indonesia since 1997 / Anwar Nasution -- 3. Developing Indonesia's mutual fund industry : a tale of booms, busts, frauds and scandals / Lloyd M. Kenward -- 4. Are emerging Asia's reserves really too...

This paper examines the driving effect of economic policy uncertainty on bank systemic risk with a distinction between systemic linkage and bank tail risk. Using bank-level data of 25 economies during the period 2010-2020, we find consistent and robust evidence that policy uncertainty is...