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The Case for a Market in Debt Governance
(Vanderbilt Law Review, 2014)
Scholars have long lamented that the growth of modern finance has given way to a decline in debt governance. According to current theory, the expansive use of derivatives that enable lenders to trade away the default risk ...
Making Money: Leverage and Private Sector Money Creation
(Seattle University Law Review, 2013)
In the wake of the financial crisis of 2008-2009, practitioners and theorists in law, finance, and economics are rethinking our theories about how the financial sector influences the real economy. In particular, they are ...