& Immordino (2007), we study the optimal regulation of CRAs in a model where rating quality is unobservable and enforcing … regulation is costly. The model shows that minimum rating standards increase the social value of credit ratings. The model also … analyzes implications for regulation in the presence of conflicts of interest between the CRA and the rated clients by direct …

mathematics itself, on logic, voting theory, trigonometry and calculus. The latter two improvements directly originate from a … factors, including mismanagement by bank managers and failing regulation, but also by mathematicians and “rocket scientists … possible in logic and voting theory, with consequences for civic discourse and democracy, where the inspiration for the …

We investigate regulation as the outcome of a bargaining process between a regulator and a regulated firm. The …

This study analyzes current regulation with respect to the use of derivatives and leverage by mutual funds in the U … that under existing derivative and leverage regulation, funds in both countries are able to increase risk by using …

% leverage limit would lower the total demand (assets under management) for hedge funds by 10%. In particular, the regulation …

This study examines the effect of market structure variables on stability subject to regulation and supervision …

profits. Two forms of open access regulation can mitigate these problems: (i) direct price regulation of the form whereby a …

will be expanded in order to analyze the effects that a partisan planner has on regulation. …

The local public administration, like any other field of activity, knows a certain regulation determined by the … regulation centered upon the Law of local public administration, a normative act that is compatible with the European regulations …