2015 | Research
Download As PDF Abstract This article for the first time compares the Federal Reserve’s powers as lender of last resort (‘LLR’) and its ability to fight contagion, with its three major peers, the Bank of England (the ‘BOE’), the European Central Bank (the ‘ECB’) and the...
2014 | Research
Download As PDF Abstract This article explores the importance of an efficient retail payment system and develops an integrated framework for evaluation of the retail payment system by policy makers. It examines the costs and benefits of the various types of retail...
2013 | Research
Download As PDF Part I of this Article discusses in detail the shortcomings of the modern class action system, including its uncertain benefits (in terms of compensation and deterrence) as well as its indisputable high costs. Part II then presents the benefits of the...
2012 | Hal Scott
Download As PDF Harvard Law School Public Law & Legal Theory Working Paper SeriesPaper No....
2010 | Hal Scott
Download As PDF Capital requirements are a key element in containing systemic risk. This article argues that the market needs to play a more significant role in determining these requirements. The Basel process has a bad track record and there are inherent...
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