Special team. Different training -- The regulator floor -- We want them to feel pain, but not too much -- The shadow -- The Goldman lawyers -- You should not have come -- The UK FSA -- Fly paint -- You didn't hear that -- Gaslighting -- How do you think they are getting ahead? -- Record...

A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...