banks
How Do Cultural Stereotypes Spread Through Multinational Banks?
In new research, Barry Eichengreen and Orkun Saka find that trust, shaped by cultural stereotypes, partially determines how multilateral banks decide which countries’ sovereign...
The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey
Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further into its...
ICIJ’s FinCEN Files Expose How Banks Turn a Blind Eye to Suspicious Transactions
A 16-months long investigation identified more than $2 trillion in transactions that were flagged as possible money laundering or other criminal activity. The records—which...
Do People Think Finance Benefits Society?
A new paper seeks to measure popular sentiment toward finance based on mentions of “finance” in millions of books, spanning eight languages and hundreds...
In Chile, It Is Always the Banks That Decide the Direction of Politics
Chile's government announced it would deliver $24 billion in state-guaranteed loans through the financial system to save companies at risk of bankruptcy due to the...
Stick, Carrot, and Evergreen Loans: A Policy Proposal to Save Small and Medium-Sized Firms
Restaurant owners, retailers, and the like employ more than 50 percent of the US workforce, yet neither have cash buffers nor access to Federal Reserve support. In...
Five Conditions for Corporations About to Receive Coronavirus Bailouts
Wall Street and the Federal Reserve are getting ready for massive bailouts, so here are the conditions to put on large corporations who need...
Americans Report Record Level of Trust in Banks and Big Corporations, But not in the US Government
2019 Chicago Booth/Kellogg School Financial Trust Index increases from 27.6 percent to 33.3 percent, showing the highest level of financial trust from the American...
