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This study reveals how our monetary system reinforces scarcity, and how communities are already using new paradigms to foster sustainable prosperity. In the Uni
The Money Problem
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An “intriguing plan” addressing shadow banking, regulation, and the continuing quest for financial stability (Financial Times). Years have passed since the
Rethinking Financial Deepening
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The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial de
Monetary Policy in Times of Crisis
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The first twenty years of the European Central Bank offer a unique insight into how a central bank can navigate macroeconomic insecurity and crisis. This volume
Rethinking the International Monetary System
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According to a recent World Bank study, the Asian crisis led to a significant rise in poverty and sharp declines in middle-class living standards in the countri