IN the aftermath of the global crisis, there has been a call for tighter regulation of financial services. But what is a financial service? Among the things money can buy, there is a distinction ...

What accounts for the surge of cross-border capital flows over the past two and a half decades? Capital account liberalization—that is, easing restrictions on capital flows across a country’s ...

ETFs can help eliminate risk because they tend to be less volatile than individual stocks and give exposure to a range of assets. An ETF allows investors to purchase a diversified portfolio of stocks ...