Guest Article: Seven Ways to Reform the Global Financial System to Help Achieve SDGs | SDG Knowledge Hub

​Next week’s high-level summit in Paris for a New Global Financing Pact seeks to find ways to reform the global financial system to simultaneously address climate change, biodiversity, and sustainable development challenges worldwide. This is an opportunity to act on the Bridgetown Initiative, which calls for a transformation of the global financial architecture to tackle … Read more

Dave Says: Your financial life depends on it

​Dear Dave, I’ve been struggling for about a year, ever since I made a stupid new-college-graduate decision to finance a car. It’s a 2018 Jeep Compass, and I owe $21,000 on it. The trade-in value is about $11,000, so I really got stung on the sticker price and everything else. I also have $85,000 in 

Financial problems are endogenous

​Many pundits view financial crises as exogenous shocks that impact the business cycle.  I’ve argued that most financial crises are actually endogenous, caused by the business cycle.  There is very little evidence that financial crises have much effect on output, except when bank failures lead to currency hoarding that a central bank cannot fully accommodate