Intro -- Contents -- Preface -- Acknowledgments -- Chapter 1. Introduction -- An Accident? -- This Book -- Financial Regulation Matters -- Some Final Introductory Remarks -- Road Map -- Chapter 2. Regulating Finance Is Hard to Do -- Introduction -- Shareholders versus Debt Holders: The Essence...

This paper evaluates the efficacy of the Secondary Market Corporate Credit Facility, a program designed to stabilize the U.S. corporate bond market during the COVID-19 pandemic. The program announcements on March 23 and April 9, 2020, significantly reduced investment-grade credit spreads across...

Intro -- Contents -- Acknowledgments -- Introduction - William J. Collins and Robert A. Margo -- I. Business Organization and Internal Governance -- 1. Revisiting American Exceptionalism: Democracy and the Regulation of Corporate Governance: The Case of Nineteenth-Century Pennsylvania in...