This paper discusses the causes and impacts of the financial crisis of 2007–2010 and examines the reforms aimed at the prevention of its recurrence. The causes to be discussed include housing and commodity bubbles, easy credit conditions, subprime lending, predatory lending, deregulation and...

This paper examines strategic managerial incentive and optimal privatization policy in a mixed duopoly model with a more efficient foreign private firm competing in the domestic market. It is shown that the home firm's incentive towards sales away from profit is higher and the foreign firm's is...