This important and timely book examines the impact of different financial systems on investment. It considers the increasing effects of globalization on the relationship between national financial systems and investment, which is especially relevant in light of the recent Asian crisis. Marc...

The process of transition from a centrally planned economy to one driven primarily by market forces has been a source of controversy and debate. Although the pace and approach has varied we are now beginning to understand some of the essential ingredients necessary for a successful transition....

Greater reliance on nonbank financing makes firms fragile as it leads banks to limit their access to credit lines. Besides demonstrating this result in panel tests subject to range of controls and robustness checks, we employ the 2014-16 oil-price collapse as an exogenous rollover risk in...

Truth, beauty and the financial crisis : evaluating what works / Robert Richardson and Matt Statler -- Aesthetics and the economic meltdown / Ralph Bathurst and Margot Edwards -- Smashing moneytheist mirrors : how artists help us live with financial schizophrenia / Pierre Guillet de Monthoux --...

This book is motivated by the simple hope that the cloud of the global financial crisis may yet have a silver lining-that political leaders, economists, and management scholars might seize this opportunity to reflect critically on the assumptions, practices, and infrastructures that have...

This paper argues that governments and regulators, supported by financial institutions and multilateral development banks (MDBs), hold the key to mobilizing private finance at the scale needed to transform the way we build, produce, and consume in order to protect nature while fostering...