This book is a collection of research papers that contribute to the understanding of ongoing developments in financial institutions and markets both in the United States and globally.

Autorentext
GEORGE G. KAUFMAN is Professor of Business Administration at Loyola University, Chicago, USA. **** ROBERT R. BLISS is Professor in the Calloway School of Business and Accountancy at Wake Forest University, USA.

Inhalt
When a Bank is not a Bank: The Case of Industrial Loan Companies; C.Johnson & G.G.Kaufman Banking and Commerce: What Difference Does Wal-Mart Make?; C.E.Blair Managing Financial Failure in an Evolving Economic and Financial Environment; E.H.G.Hüpkes The Political Economy of Burden Sharing and Prompt Corrective Action; G.H.Garcia Uncertainty, Transparency and Future Monetary Policy; M.D.Hayford & A.G.Malliaris The Trimmed Mean PCE Inflation Rate: A Better Measure of Core Inflation; H.Rosenblum & N.Y.Cote Payday Lending and Payments Services: An Historical and Modern Analysis; R.DeYoung & R.J.Phillips Insider Trading and Large Chapter 11 Bankruptcies: 19952006; T.Nasser & B.E.Gup