The global financial system has enormous influence on the day-to-day lives of billions, yet is shrouded in mystery and poorly understood. Through narrative-driven reporting, vivid storytelling, and perceptive analysis Michael Casey brings to light the distorted, dysfunctional global economic...

This paper highlights the importance of middle-class and high-FICO borrowers for the mortgage crisis. Contrary to popular belief, which focuses on subprime and poor borrowers, we show that mortgage originations increased for borrowers across all income levels and FICO scores. The relation...

The last two decades have seen major economic changes with the Great Recession and Recovery. The present paper aims at investigating how the net worth, wealth portfolio and the wealth distribution, which are related to well-being, have evolved in the United States between 2001 and 2016. The data...