Tamim Bayoumi— US financial reformers faced a fundamentally different issue from those in Europe. Banks in Europe were under a flawed single system. The issues in the United States, on the other hand, centered on the dual nature of the pre-crisis banking system that contained a relatively tightly regulated core and
Everyone from Liza Minnelli to R. Kelly knows that money makes the world go round. This month, Yale University Press authors are expanding on that observation to explore the fields of economics and global finance under the banner Where is the Money? It might seem like a simple question, but
Follow @jentaub The United States is still struggling to understand and recover from the financial crisis that flared up in 2007-8. The story of the housing market, subprime mortgage lending practices, and the mistakes responsible for the crisis is both complex and essential to understand in order to avoid repeating.