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Foreign exchange and correspondent banking bleg

Summary:
What are the best things to read on this topic?  How does it work?  Why is it difficult and expensive (to the extent it is)?  How might current institutions be improved? I thank you all in advance for your wisdom and counsel. The post Foreign exchange and correspondent banking bleg appeared first on Marginal REVOLUTION.

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What are the best things to read on this topic?  How does it work?  Why is it difficult and expensive (to the extent it is)?  How might current institutions be improved?

I thank you all in advance for your wisdom and counsel.

The post Foreign exchange and correspondent banking bleg appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

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