divert attention from the underlying breakdown of incentives. Incentive conflicts explain how securitization went wrong, why … supervision in every country in the world. The paper concludes by identifying reforms that would improve incentives by increasing … transparency and accountability in government and industry alike. "--World Bank web site …

"holistic" supervision, and incorporate countercyclical norms that can be adjusted in light of changing circumstances. "--World …

risky, which is consistent with the demise of the U.S. investment banking sector. "--World Bank web site …

-market premium and putting more downward pressure on domestic prices. "--World Bank web site …

conducive to crisis can also be associated with more unequal societies."--World Bank web site …

larger effort in the group to understand the sources of growth and volatility"--World Bank web site …

department to study the containment and resolution of financial crises"--World Bank web site …