What can be done to rapidly and effectively contain systemic risks, restore the solvency and profitability of financial institutions, minimize the impact of financial sector distress on the economy and limit the fiscal costs of a crisis? What set of policies contribute to a rapid and successful...

This technical paper compares and contrasts the governance and regulation of "new style" power pools in Australia, Canada, Norway, Sweden, and the United Kingdom. These trading markets in electricity commodities and services are explored in various ways. The authors review the basic governance...