This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic commerce.

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.

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.

In a financial intermediary, risk managers can expend effort to reduce loan probability of default and loss given default, but effort is unobservable. Incentive compensation (IC) can induce manager effort. When deposit insurance is subsidized, the demand for risk management declines. Regulatory...

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

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

In this volume, the author describes the changes in wages during the 1980s that led to increased rewards in schooling in the labor market.

This studyprovides a unique framework for analyzing the role of the GATS and the WTO in the liberalization and regulation of the financial services sector.