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Blog Post
May 27, 2015
During the Queen’s Speech, newly re-elected British Prime Minister David Cameron proposed an extended counter-extremism bill in order to confront “head-on the poisonous Islamist extremist ideology.” A press release from the Prime Minister’s office said that the...
Blog Post
April 09, 2015
In Milan Kundera’s The Unbearable Lightness of Being, Sabina and Franz are doomed lovers. Kundera traces their demise of their relationship to a disagreement about what words mean. Sabina and Franz never realize that they mean different things when they say simple words—like “woman...
WORKING PAPERS
April 09, 2015
The welcome rise of replication tests in economics has not been accompanied by a single, clear definition of ‘replication’. A discrepant replication, in current usage of the term, can signal anything from an unremarkable disagreement over methods to scientific incompetence or misconduct....
Blog Post
February 26, 2015
Rich countries’ anti-money laundering rules are “causing a great deal of hardship” by making it very costly for migrants to send money home. So testified Federal Reserve Chair Janet Yellen before lawmakers on the House Financial Services Committee in Washington this week. It’...
Blog Post
February 25, 2015
It’s a worry for many people that legitimate cross-border transactions - including vital remittances sent home by migrant workers - are becoming prohibitively expensive and burdensome because of over-zealous enforcement of anti-money laundering rules. Would cryptocurrencies such as bitco...
Blog Post
February 09, 2015
De-banking is an ugly word, but it’s the focus of a new working group launched by CGD in Europe. Banks in rich countries, under pressure from anti–money laundering and counterterrorism enforcement efforts, are increasingly “de-banking” money transfer organizations that operate in p...