Following on from a paper by Yoshiharu Oritani, Public Governance of Central Banks: An Approach from New Institutional Economics. Public governance is an institutional framework whereby the general public governs a central bank by and through the legislative and executive bodies in a country....

Having read Public Governance of Central Banks by Yoshiharu Oritani and looking at the UK in particular I am proposing a model where all government money is held in a central series of bank accounts using the structure of recently nationalised banks and the post office branches to be used as a...

Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically less likely to...

Corporate and securities laws are seen to mitigate corporate fraud by 'manipulating the incentives of agents': presenting corporate agents with a probability of being caught and punished if they commit fraud. This article suggests that the same laws also affect corporate fraud in a significant...