This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

High loan-to-value mortgage lending is a fast-growing sector of the mortgage industry that has evolved to meet the needs of today's consumers.

This study explains why financial services have for centuries been regulated to a greater extent than are most products that do not directly affect people's health or safety.

This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...

This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

This study explains why financial services have for centuries been regulated to a greater extent than are most products that do not directly affect people's health or safety.