This article induces the pragmatic structure of what financial reporting can be – it does not deduce what financial reporting should be. Empirical studies can show that opportunism is not a feature generally of financial accounting in practice, but challenges exist in the post-Enron era. One...

The stock market crash of 1987 combined with scandals in the world's major financial centres has focused both public and academic attention on the importance of regulation. David Gowland critically appraises the methods of regulating financial markets describing their strengths and limitations....

This innovative new book surveys the structural objectives of monetary policy, that is those objectives that are concerned with the regulation of banks and the financial system. The importance of this area of economic policy has been dramatically illustrated by the crisis in the thrifts in the...