This paper analyzes the under-investigated relationship uniting financial development and income distribution. We use a novel approach taking into account for the first time the specific channels linking banks, capital markets and income inequality, the time-varying nature of the relationship,...

This paper investigates wether the ongoing financial crisis has destabilized the microstructures of ASEAN stock market. Using daily stock market data from 2007 to 2010, we first develop a set of monthly country-level liquidity, efficiency, international integration and volatility indicators. We...

1. Introduction -- 2. Economy and reality -- 3. Economic systems and enterprises -- 4. Corporate governance: shareholders, employees, stakeholders -- 5. Sustainability, ownership and the role of shareholders -- 6. Understanding money -- 7. Understanding the monetary system -- 8. Balance sheets...