The book features eight studies related to governance and risk. It provides a critical evaluation of Basel II, and questions the significance of corruption in country risk analysis and investors' decision making. It offers a reliable model of early warning credit signals that helps managers to detect default risks, and provides a risk-based analysis of alternative production systems in Pakistan. It analyzes the effects of market liberalization on volatility spill-over across the globe, and examines past and future prospects for the Iraqi stock exchange. Finally, it proposes securitization as a means to finance costs of reconstruction in Iraq.List of Figures and Tables Preface Acknowledgements Notes on the Contributors Introduction; S.Motamen-Samadian Basel II: Principles of Avoiding Regulatory Failure; J.Tanega Developing an Understanding of Credit-Risk Processes in Selected UK Sectors; A.Puri & H.Thapar Risk Analysis and Sustainability of Alternative Crop Production Systems; M.Hussein & A.Saboor Country Risk and Governance: Strange Bedfellows?; M.H.Bouchet & B.Groslambert Market Deregulation, Volatility and Spillover Effects: Experiences from Emerging Stock Markets; D.Kluong Nguyen The Baghdad Stock Exchange: A Dismal First Decade - A Growth Path Ahead?; K.J.A.Shubber & T.A.Kadhim Risk Management and Securitization of Assets: The Case of Iraq; O.Sholarin IndexMICHELE H. BOUCHET Professor of Finance, CERAM Sophia Antipolis, FranceMAQSOOD HUSSEIN Lecturer of Economics, Department of Agricultural Economics, University of Agriculture Faisalabad, PakistanBERTRAND GROSLAMBERT Professor of Finance, CERAM Sophia Antipolis, FranceTALAL KADHIM Senior Lecturer in Quantitative Methods, Westminster Business School, University of Westminster, UKDUC NGUYEN Researcher in Finance, University of Grenoble II, FranceANN PURI Senior Lecturer in Quantitative Methods, Westminster Business School, University of Westminster, UKABDUL SABOOR Lecturer of Economics, Department lcă