The late Federal Reserve chairman presided over an era of unbridled optimism, but his blind spots regarding systemic risk left enduring challenges for central bankers in both the U.S. and China
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Alan Greenspan has died at 100. One of the longest-serving chairmen in Federal Reserve history, he built an aura of almost mythic infallibility, only to see it unravel after he left office. His death is an elegy for an era defined by a headlong embrace of globalization. Globalization has not disappeared, but the unbounded confidence that once sustained it has faded.
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