Media often portray investment bankers as the culprits of the global financial crisis, while mainstream scholarly accounts blame government failures and global trade and financial imbalances. This paper investigates the role of investment banks in the global financial crisis and the US economy,...

We are in the midst of the worst financial crisis since the Great Depression. This crisis is the latest phase of the evolution of financial markets under the radical financial deregulation process that began in the late 1970s. This evolution has taken the form of cycles in which deregulation...

Regulators aiming to ward off the next financial market failure need to implement rules to smooth the boom-bust cycle in margin requirements and haircuts used in securities financing and derivative transactions, which seriously exacerbated the last financial crisis. In this study, the author...

Introduction -- "The Heart of Contemporary Capitalism": The Partners and their Bank -- J.P. Morgan & Co. at home and abroad in the 1920s -- The Young Plan, the Bank for International Settlements and the Wall Street Crash, 1929-30 -- "The End of the World"? The 1931 Crises -- "Witchcraft": J.P....