"Looks at the effectiveness and discusses the appropriateness for further refinement of frameworks designed by policymakers to strengthen investor confidence in corporate financial reporting, especially in the United States and Japan"--Provided by publisher

Recent market turbulence makes it clear just how important it is to understand the key markets. This is the definitive guide to why different markets exist, how they operate, and how they are interrelated. Extensively revised and updated, this new edition brings the reader up to date with the...

Clearinghouses support financial trades by keeping records of transactions and by providing liquidity through short-term credit that is periodically cleared by participants. We study efficient clearing arrangements for formal exchanges, where traders must clear with a clearinghouse, and for...