The inside story of what really happened at Lehman Brothers and why it failed In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged...

The role of state lotteries in the economy is changing. Still being only one of the sources of revenues to state budgets, financing of more and more causes relies heavily on their performance. This articles describes the performance of lotteries in Central and Eastern Europe in times of...

Using a simple symmetric principal-agent model with two banks, we study the effects of both bailouts and bonus taxes on risk taking and managerial compensation. We assume financial institutions to be systemic only on a collective basis, implying support with bailouts only if they both fail...