Includes bibliographical references.

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 J. Rosen -- The UK banking crisis / Philip Molyneux -- The sub-prime crisis, the credit crunch, and bank "failure" : an assessment of the UK authorities' response / Maximilian J.B. Hall -- Financial crisis and regulation : the case of Spain / Santiago Carbó Valverde -- Basel II has been a costly distraction on the road to minimizing the societal cost of bank failures and financial crises / George G. Kaufman -- Fannie Mae and Freddie Mac : creatures of regulatory privilege / David J. Reiss -- Uncertainty and transparency of monetary policy / Giorgio Di Giorgio, Guido Traficante -- Privatization and governance regulation in frontier emerging markets : the case of Romania / Gilles Chemla, Adrian Pop, Diana Pop -- Universal access, cost recovery, and payment services / Sujit Chakravorti, Jeffery W. Gunther, Robert R. Moore -- Estimating the volume of counterfeit US currency in circulation worldwide : data and extrapolation / Ruth Judson, Richard Porter.