November 1999 - Estimating the likely fiscal costs of future banking crises requires information about the size and composition of the banks' balance sheets and expert assessments about the accuracy of the accounting data and about certain short-term risks. There is constant demand for an...

"Is the 2007-2008 U.S. sub-prime mortgage financial crisis truly a new and different phenomena? Our examination of the longer historical record finds stunning qualitative and quantitative parallels to 18 earlier post-war banking crises in industrialized countries. Specifically, the run-up in...

Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations, achieved debt service reduction, and stabilized financial...

Sparpolitik als Antwort auf Finanzmarktkrise und Staatsschuldenkrise? Ein amerikanischer Professor für Internationale Wirtschaftspolitik zeigt in einer historischen und aktuellen Studie die unvermeidbar negativen Folgen der heute in Europa weit verbreiteten Politik auf. (Jürgen Plieninger)