<italic>Periodically, the question of whether there ought to be a substantially closer connection between the disciplines of industrial organization (IO) and finance has been a topic of conversation within the IO discipline. After documenting three such initiatives that ultimately failed to have lasting...</italic>

This volume shows that the public policy concerns are not accidental, because such industries often embody two major and widely recognized forms of potential market failure.

This studyrebuts much of the traditional rationale forregulatory restrictions and provides a list of principles of regulation that would serve as a model for global accounting practices.

Many of the benefits that the housing government-sponsored enterprises (GSEs) transmit to homebuyers stem from an implied federal guarantee arising from the GSEs’ charter benefits and past supervisory forbearance. But this implicit guarantee also represents a risk to taxpayers if one of these...