The Diamond-Dybvig model was born in 1983 by the joint studies of Philip Dybvig and Douglas Diamond. The two had begun parallel projects in the early 80s, both motivated to better understand the involvement of financial intermediaries, in particular banks, in the dynamics of the Great Depression. Their theoretical model defined the role of banks […]
The second largest economy in the world is showing signs of difficulty. Chinese economy is going through hard times following its return to openness after the pandemic, and the bankruptcy of the real estate giant Evergrande is probably a strong reason. China is known to be the world’s largest exporter; indeed, its economic empire is […]
In major cities, it is a common sight to witness homeless individuals residing in picturesque historical squares, immigrants selling clothing or books on makeshift stalls adjacent to towering modern edifices, and needy individuals engaging in acts of charity in close proximity to luxurious million-dollar cars. Well, these unfortunate scenes are the drawbacks of a growing […]
Recent Comments