Politicians, journalists, and academics alike highlight the paucity of criminal prosecutions for senior financial executives in the United States in the wake of the 2008 financial crisis. One common argument for the lack of prosecutions is that, though industry players behaved recklessly, they...

This paper presents an analytical overview of recent contributions to the literature on the policy implications of capital flows in emerging and developing countries, focusing specifically on capital inflows as well as on the links between inflows and subsequent capital-flow reversals. The...

How did the financial crisis affect population welfare in EU member states in key dimensions such as income, health, and education? We seek to answer this question by way of welfare comparisons between countries and within countries over time, using EU-SILC data. Our study is novel in using a...