<DIV>In the aftermath of the recent financial crisis, the federal government has pursued significant regulatory reforms, including proposals to measure and monitor systemic risk. However, there is much debate about how this might be accomplished quantitatively and objectively—or whether this is...</div>

<DIV>The regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this unique volume, experts in industrial organization, finance, and law, as well as members of regulatory agencies and the securities industry, examine the securities industry from an...</div>

<DIV><DIV>Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals.  In <I>Asset Prices and Monetary Policy</I>, leading scholars and practitioners probe the...</i></div></div>

<DIV>Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other...</div>

At a time when the public is increasingly sensitive to changes in the asset markets, due to involvement in stock markets—including through retirement funds, investment in housing, and exposure to commodity prices, this insightful book offers insight to scholars, policymakers, and all...