Banking and Policy Issues Magazine

December 2009

Interview with Raghuram Rajan

University of Chicago economist on whether banks are still "special," why this crisis was so severe, and prospects for regulatory reform

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Top of the Ninth

  • Work to be Done
    Narayana Kocherlakota's inaugural column on the importance of communication and using research to address key policy questions [PDF]



Research Digest

A new Region feature that provides summaries of recent papers.

  • Solving Asset Market Riddles
    In three papers, Monika Piazzesi and Martin Schneider explore asset market puzzles with the help of heterogeneous and less-than-rational economic actors. [PDF]
  • Giving Credit Its Due
    A multicountry analysis by Cristina Arellano, Yan Bai and Jing Zhang suggests that healthy credit markets are crucial to efficient operation of a nation's firms—both large and small. [PDF]

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