Conditional value at risk (CoVaR) and marginal expected shortfall (MES) have been proposed as stock return based measures of the systemic risk created by individual financial institutions even though the literature provides no formal hypothesis test for detecting systemic risk. Our conclusion is...

European and American authors discuss the European Community's 1985 far-reaching design for regional integration.

This book discusses legalized protectionism in the World Trade Organization and what to do about it.

This book discusses legalized protectionism in the World Trade Organization and what to do about it.

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

This study's estimates of the reduction in accidents from a ban on cell phone use while driving are both lower and less certain than previous studies indicate.