"Presents research from experts in academia and the financial industry on financial instruments and new financial institutions, contrasting developments in the United States and Japan. Highlights innovative ways in which Japanese financiers and government officials have learned from the United...

Make failure tolerable / George P. Shultz -- Financial reforms to end government bailouts as we know them / Paul Volcker -- Fifty years in the business : from Wall Street to the Treasury and beyond / Nicholas F. Brady -- Defining systemic risk operationally / John B. Taylor -- Lessons learned...