THE BRADY PLAN AND MARKET-BASED SOLUTIONS TO DEBT CRISES

Protection of minority interest and the development of security markets

While excessive regulation is an obstacle to the development of financial markets, we argue that lack of basic rules or poorly enforced regulation may explain the relative impor...

Liquidity, Maturity, and the Yields on U.S. Treasury Securities

Financial Dependence and Growth

Does finance affect economic growth?A number of studies have identified a positive correlation between the level of development of a country's financial sector and the rate of g...

Liquidity, Asset Prices and Financial Policy

(1991). Liquidity, Asset Prices and Financial Policy. Financial Analysts Journal: Vol. 47, No. 6, pp. 56-66.

The Anatomy of Market Failure

Introduction, 351. — I. The conditions of market efficiency, 353. — II. Neoclassical external economies: a digression, 356. — III. Statical externalities: an ordering, 363. — IV...