The Risk Fixers (1978)

Download As PDF Novel legal problems presented by the recent emergence of new payment systems have prompted some to call for revision of article 4 of the Uniform Commercial Code. Others suggest that private contract can deal with the issues raised by most new...

When the Euro Falls Apart (1998)

Download As PDF This paper recounts some well-known problems confronting European monetary union (EMU), such as withstanding asymmetric shocks and maintaining domestic political support. It then examines how a speculative attack could damage a target country’s banking...

The Reinvented Community Reinvestment Act (1995)

Download As PDF The Community Reinvestment Act (CRA), enacted in 1977 during the Carter Administration, requires federal banking agencies to encourage banks and thrifts (banks, for short) to meet the credit needs of their local communities (including low and moderate...