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

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

New bank regulations include macroprudential policies to control bank loan growth. We find bank funding costs and supervisory monitoring intensity to be the most important determinants of loan growth followed by loan portfolio performance and bank profitability. Bank capital and liquidity ratios...

In his new book, Peter Wallison argues the Dodd-Frank Act was the result of a false narrative about the 2008 financial crisis, blaming the crisis on the private sectors when in fact it was caused by the US government’s housing policies. This was not harmless error; the act will suppress...

It is clear that there is no legitimate basis for the proposed expensing of employee stock options.

The establishment of new accounting rules for expensing options would likely do more harm than good.

This working paper finds no evidence that the SBA loan guarantees serve any focused or rigorously defined public policy purpose at all.

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.

This working paper provides a critical analysis of national policymaking by state attorneys general.

It is clear that there is no legitimate basis for the proposed expensing of employee stock options.