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Diamond and Kashyap on the Recent Financial Upheavals
For most of the last 20 years we have been studying banks, monetary policy, and financial crises. So for us the events of the last year have been especially fascinating. The last 10 days have been the most remarkable period of government…
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A 21-month-old girl was among the dead in new violence..AP - Iranian President Mahmoud Ahmadinejad said Sunday his landmark visit to Iraq opened a new chapter in "brotherly" relations between the two countries, which were once bitter enemies.AP - Russia's voters are expected to endorse Vladimir Putin's choice of a successor in Sunday's presidential election, allowing Putin to retain a measure of power in his nation, whose wealth and global voice have grown even as democratic freedoms diminished.AP - Israeli aircraft sent missiles slamming into the office of the prime minister of Hamas-ruled Gaza before dawn on Sunday, pressing forward with an offensive that has killed nearly 70 Palestinians in two days of fighting.AP - Eight people died in clashes between police and opposition supporters that led the president to declare a sweeping, 20-day state of emergency, officials said Sunday.AP - A suicide bomber blew himself up Sunday at a large meeting called by tribal elders pushing for peace in northwestern Pakistan, killing at least
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