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Finance & Development • June 2011 • Volume 48 • Number 2


From the Editor

Keeping Smart about the Older Generation

People in Economics

The Human Face of Economics

Prakash Loungani profiles George Akerlof

Watch video: George Akerlof on Identity Economics webcast

Picture This

Lowering the Cost of Sending Money Home

Kai Schmitz and Isaku Endo
Reducing transaction costs can put more money in the pockets of migrants and their families

Straight Talk

Emerging Challenges

Min Zhu
Emerging markets must adapt to the new global reality by building on their economic success

Back to Basics

What Are Economic Models?

Sam Ouliaris
How economists try to simulate reality

Data Spotlight

Looking under the Hood

José M. Cartas and Ricardo Cervantes
Bank capital ratios have improved since the crisis, but mainly because banks are lending less

Book Reviews

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty, Abhijit Banerjee and Esther Duflo

Listen to podcast: Putting the poor front and center podcast

How Many Languages Do We Need? The Economics of Linguistic Diversity, Victor Ginsburgh and Shlomo Weber

Adapt: Why Success Always Starts with Failure, Tim Harford

Listen to podcast: Experimenting with failure podcast

Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present, Jeff Madrick

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