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, including an in-depth look at topics such as universal access, cost recovery, and payment services; the transparency of global monetary policy; and the crisis of financial regulation.

Autorentext
George G.Kaufman is Professor of Business Administration, Loyola University at Chicago. Robert R.Bliss is Professor at Calloway School of Business and Accountancy, Wake Forest University.

Inhalt
FINANCIAL CRISES ACROSS COUNTRIES * Banking from Riches to Rags: Ignoring the Supervisory Red Flags and Thwarting Prompt Corrective Action - Gillian G. H. Garcia * Too Much Right Can Make a Wrong: Setting the Stage for the US Financial Crisis - Richard Rosen * The UK Banking Crisis - Phil Molyneux * The Sub-Prime Crisis, the Credit Crunch and Bank 'Failure': an Assessment of the UK Authorities' Response - Maximillian Hall * Crisis and Financial Regulation: The Evidence from Spain - Santiago Carbó Valverde * Basel II Has Been a Costly Distraction on the Road to Minimizing the Societal Cost of Bank Failures and Financial Crisis - George G. Kaufman * Fannie Mae and Freddie Mac and the Future of Federal Housing Finance Policy: A Study of Regulatory Privilege - David J. Reiss * OTHER ISSUES IN FINANCIAL REGULATION * Uncertainty and Transparency of Monetary Policy - Giorgio Di Giorgio and Guido Tra?cante * Privatization and governance regulation in frontier emerging markets: The case of Romania - Gilles Chemla, Adrian Pop, and Diana Pop * Universal Access, Cost Recovery, and Payment Services - Sujit Chakravorti, Jeffery W. Gunther, and Robert R. Moore * Estimating the Worldwide Volume of Counterfeit U.S. Currency: Data and Extrapolation - Ruth Judson and Richard Porter