Securities and Financial Regulation

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Deregulation Pas De Deux: Dual Regulatory Classes of Financial Institutions and the Path to Financial Crisis in Sweden and the United States, NeXus Journal (2010)

This article presents the following model of two regulatory classes of financial institutions interacting in...

 

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Sometimes Too Great a Notional: Measuring the “Systemic Significance” of OTC Credit Derivatives (with Margaret M. Blair), Lombard Street (2009)

This article proposes several simple financial market reforms that can help regulators both identify systemically...

 

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Code, Crash, and Open Source: The Outsourcing of Financial Regulation to Risk Models and the Global Financial Crisis, Washington Law Review (2009)

The widespread use computer-based risk models in the financial industry in the last two decades...

 

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The Subprime Crisis and the Link between Consumer Financial Protection and Systemic Risk, FIU Law Review (forthcoming) (2009)

This Article argues that the current global financial crisis, which was first called the “subprime...

 

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Laws Against Bubbles: an Experimental-Asset-Market Approach to Analyzing Financial Regulation, Wisconsin Law Review (2007)

This article analyzes the effectiveness of proposed and actual securities, financial, and tax laws designed...

 

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The Next Epidemic: Bubbles and the Growth and Decay of Securities Regulation, Connecticut Law Review (2006)

This article explores how speculative bubbles undermine the effectiveness of securities regulations and spawn epidemics...

 

Corporate Law and Corporate Governance

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Directors’ Personal Liability for Corporate Fault in the United States, Directors’ Personal Liability for Corporate Fault: A Comparative Analysis (2008)

This book chapter outlines sources in U.S. law of personal liability for directors of corporations,...