Copyright (c) 2008 All rights reserved. http://works.bepress.com/steven_schwarcz Recent documents in Steven L Schwarcz en-us Wed, 27 Aug 2008 06:09:11 PDT 3600 http://works.bepress.com/steven_schwarcz/10 http://works.bepress.com/steven_schwarcz/10 Mon, 25 Aug 2008 13:07:45 PDT This article examines how the complexities of modern investment securities and the assets underlying them can trigger a breakdown of financial markets and also analyzes what should be done to mitigate the potential for market failure. Because these complexities are characteristic of complexities in nonlinear engineering systems, the article's analysis draws on the literature analyzing these systems. Steven L. Schwarcz Banking and Finance Bankruptcy Law International Law Law and Economics Securities Law