Due to a high ratio of foreign ownership, countries in the Central and East European (CEE) region are characterised by particularly high financial integration. Therefore, contagion risks are high in both directions: a problem that develops in the country of a parent bank can easily spread to the...

There are many events that led up to the financial crisis of 2008. This study looks at the political policies in place before the crisis happened. Focusing on the decade and a half prior to the crisis, the incentives in the financial industry led to risk mitigation. This response to mitigate...

Remarks at United States Military Academy at West Point, West Point, New York.

Remarks at the National Association for Business Economics Annual Meeting, New York City.

Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.

Remarks at Cornell University, Ithaca, New York.

Remarks at the University of Rochester, Rochester, New York.

Remarks at the University at Buffalo, Buffalo, New York.