..., etc. This risk transformation takes place because there is supply and demand for these reconstituted risks and the mitigation thereof. Structured finance enables the creation of bespoke assets with carefully designed return and risk characteristics. Traditionally, financial institutions...

...Harilaos Mertzanis Purpose The effectiveness of corporate governance enforcement is a complex issue requiring the understanding of the role of institutional factors. The latter may or may not converge towards best practices, depending upon the extent to which history and politics matter more than...