The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system....

Once upon a time, economists saw capital account liberalization--the free and unrestricted flow of capital in and out of countries--as unambiguously good. Good for debtor states, good for the world economy. No longer. Spectacular banking and currency crises in recent decades have shattered the consensus....

The past twenty years have seen great theoretical and empirical advances in the field of corporate finance....

More then just a textbook, \"A Theory of Incentives in Procurement and Regulation\" will guide economists\' research on regulation for years to come....

Once upon a time, economists saw capital account liberalization--the free and unrestricted flow of capital in and out of countries--as unambiguously good. Good for debtor states, good for the world economy. No longer....

The Prudential Regulation of Banks applies modern economic theory to prudential regulation of financial intermediaries....

In Competition in Telecommunications, Jean-Jacques Laffont and Jean Tirole analyze regulatory reform and the emergence of competition in network industries using the state-of-the-art theoretical tools of industrial organization, political economy,and the economics of incentives....