This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the involvement of a central counterparty mandatory for...

The political dimension of finance in economic development / Stephan Haggard and Chung H. Lee -- Financial policy and big business in Korea : the perils of financial regulation / Byung-Sun Choi -- Guarding the commanding heights : the state as banker in Taiwan / Tun-Jen Cheng -- The politics of...