),1 which leads to “fire-sale”–related pecuniaryexternalities; and bank interconnectedness (Allen and Gale2000; Kahn and Santos …

A large literature studies bank regulatory policies intendedto control moral hazard problems associated with … depositinsurance and optimal regulatory design. Much of theanalysis has focused on uniform bank capital requirements,risk-based capital ….All formal analyses employ highly simplifiedtreatments of an individual bank or banking system. Thisstudy is concerned with the …

.S. to investigate whether judicial selectionmethods affect the number of employment discrimination charges filed for the …

orcurrencies) and discrimination (failure to enable, recognize, or act consistentlyupon, the presentation of currencies) need to be …

supply of motivated workers makes the non-profit form more attractive tomanagers. We show that if firms had to compete for … motivated workers then not-for-profit firms would becompeted out by for-profit firms. Therefore, in the choice between not-for-profit … and for-profit provision, otherthan incentive problems, the distribution of rents between management and workers, and …

profit margins and stable export sales when the valueof the yen fluctuates. We find that Japanese firms tend tostrike a … the extent of these changes byaltering their profit margins. For Japanese exporters producingindustrial machinery …

order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis …) nature of crisesthat have plagued social insurance regimes in both countries. It also identifies what may belearnt from …

likely implications of the reformsfor pensioner poverty, income security in old age, economic growth, theNational Insurance … improved provisionthrough National Insurance Contributions will mean that the burden ofpaying for the new scheme will be …