The Committee is concerned about increasing interference with independent accounting standard setting and recommends separating accounting standard setting and financial reporting from measuring regulatory capital for financial institutions.

The only sure way to eliminate the risk of false accounting is to reduce the kinds of risky activities in which government-backed management can engage.

Many people, observing the severe problems caused by Greece and other financially weak members of the European Union, wonder why the United States is not similarly afflicted. After all, the structures seem quite similar; the EU is united through a treaty into a single political grouping, while the U.S. is a union of states in a constitutional system. 

This article attempts to identify moral hazard in the traditional reinsurance market and derive predictions on premium design, monitoring, loss control, and insurer risk retention.

Government housing policies and the toxic mortgages they spawned were the sine qua non of the financial crisis.

FutureInternational Monetary Fundpolicy must takethe issue of moral hazardseriously.