Introduction: What’s a Money Doctor? -- Money Doctors in the Medieval/Pre-Modern Period -- Is Oda Nobunaga the Final Champion of the Medieval Era or A Pioneer of the Early Modern Era? -- A Money Doctor in the 16th Century Japan -- Johan Palmstrüch, A Copper Money Doctor: Stockholm Banco and...

A few months ago, we produced a timetable for the implementation of U.S. financial reform under the Dodd-Frank Act. One of the main observations was that the legislation did little to consolidate regulation outside of banking. In contrast, the analogous UK reform legislation, the Financial...

This paper studies the efficacy of China's financial reforms in helping the central monetary authority to achieve its goals of macroeconomic stabilization. A local-local monetary game is presented which examines the investment competition between local governments in different hypothetical...

September 11 changed the American economy and the global insurance market. The insurance industry no longer covers terrorism risk for "free." The traditional insurance mechanism alone cannot spread the risk of repeated catastrophic losses. Beyond the Terrorism Risk Insurance Act of 2002 lingers...