This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

This study explains why financial services have for centuries been regulated to a greater extent than are most products that do not directly affect people's health or safety.

This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

This study explains why financial services have for centuries been regulated to a greater extent than are most products that do not directly affect people's health or safety.

Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...

High loan-to-value mortgage lending is a fast-growing sector of the mortgage industry that has evolved to meet the needs of today's consumers.

This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and...