Deferment or forbearance may be masking the true student loan default rates in recent years.

Student loan borrowing accelerated during the Great Recession and now outranks any non-mortgage debt, including auto loans and credit card debt.

One of the most interesting features of the Great Recession is that—contrary to other global recessions—it was mostly a rich-country phenomenon.

The volume and volatility of international capital flows have motivated recent interest in the optimal use of capital controls and the communication and coordination among central banks.