Recent WTO agreements have forced developing countries to adopt stronger intellectual property rights (IPRs). However, theoretical research is critical at best, but largely undecided, on the impact of stronger IPRs on economies at lower stages of development. This paper is particularly concerned...

The financial crisis of 2007-2008 was a liquidity crisis. Thus we must both study the source of the crisis and evaluate the regulatory measures to address it. How was this liquidity crisis and its associated risk related to other forms of risk? What was the nature of the vicious cycle that...

Furman-Stiglitz (1998) hypothesize that improved transparency in financial markets intensifies volatility, yet more conventional wisdom exemplified by the International Monetary Fund’s position states that lack of transparency intensifies volatility. Mohtadi-Ruediger (2012) provide a...

Furman-Stiglitz (1998) hypothesize that improved transparency in financial markets intensifies volatility, yet more conventional wisdom exemplified by the International Monetary Fund’s position states that lack of transparency intensifies volatility. Mohtadi-Ruediger (2012) provide a...

Furman-Stiglitz (1998) hypothesize that improved transparency in financial markets intensifies volatility, yet more conventional wisdom exemplified by the International Monetary Fund’s position states that lack of transparency intensifies volatility. Mohtadi-Ruediger (2012) provide a...