Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...

Even as the United States enjoys an economic expansion, there is an undercurrent of concern among economic analysts who follow financial markets. Some feel that the expansion of the credit derivatives markets poses the threat of a crisis similar to the Long-Term Capital Management debacle of...

Part I: Keynote Addresses -- 1. Market Discipline and Public Policy : The Role of the IMF / Anne O. Krueger -- 2. Three Observations on Market Discipline / Malcolm Knight -- 3. Effective Market Discipline : The Roles of Auditors, Companies, and Analysts / Susan Schmidt Bies -- 4. A Review of the...