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Must Reads for Nov. 28

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Andrew Haldane and Vasileios Madouros of the Bank of England argue at VoxEU that the growth of the financial sector in the 2000s didn’t produce any positive economic contribution. And, relatedly, Princeton economist Hyun Song Shin argues in a draft paper that European banks played a crucial role in the too-easy money in the United States before 2007.

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