Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

The global financial crisis challenges scholars from across many different disciplines to think about causes, immediate consequences and long term responses from the perspective of their particular disciplinary standpoint. This paper focuses on one particular response to the landscape and...

This paper offers the first birth-cohort test of the Wilson-Willis model of black-white differences in nonmarital childbearing. Cohort data are uniquely suited to the model, and unlike prior evidence, support the power of the model’s predictions: For blacks, the nonmarital birth share rises,...

In a 2006 article in Demography, Jo AnnaGray Jean Stockard and Joe Stone (GSS i)observe that among black women and white women ages 20 to 39, birth rates increased sharply for unmarried women over the period 1974 to 2000. But they also increased for married women, as well, and yet the total...