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Letter from the Editor

In Brief

Locked-in loans
Banking for all
Ray power

Picture This

Oil Subsidies: Costly and Rising

Benedict Clements, David Coady, and John Piotrowski
Reducing energy subsidies worldwide can bring substantial environmental benefits and create much-needed fiscal space for necessary government spending

Back to Basics

Supply and Demand

Irena Asmundson
The interaction between buyers and sellers in a market determines the price of a good or service

Book Reviews

Building Social Business: The New Kind of Capitalism That Serves Humanity’s Most Pressing Needs, Muhammad Yunus

Fault Lines: How Hidden Fractures Still Threaten the World Economy, Raghuram G. Rajan

On the Brink: Inside the Race to Stop the Collapse of the Global Financial System, Henry M. Paulson, Jr.

13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, Simon Johnson and James Kwak

From Asian to Global Financial Crisis: An Asian Regulator’s View of Unfettered Finance in the 1990s and 2000s, Andrew Sheng

Data Spotlight

Credit to the Private Sector Remains Weak

José M. Cartas and Martin McConagha
Bank credit continues to fall despite the global recovery

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