2005 | Hal Scott
Download As PDF This article provides a context for understanding recent events in Japan that we believe will be useful whatever the outcome of the upcoming election. We begin with a brief overview of the PSS, assess its cost to the Japanese economy, outline the...
2005 | Hal Scott
Download As PDF Corporate governance is obviously a matter of global concern, since large public companies operate globally and have many worldwide investors. Yet, in many areas of regulation, rules of corporate governance are promulgated on a national, state, or...
2004 | Hal Scott
Download As PDF This paper explores how market discipline works for financial institutions, a highly regulated industry, and sovereigns. It is organized into two parts: (1) an assessment of what market discipline (MD) is and how it applies to banks and sovereigns and...
2004 | Hal Scott
Download As PDF What Games Are They Playing?A Critique of The Game of Life and Reclaiming the Game Speech of Hal S. Scott ‘65Nomura Professor of International Financial Systems,Harvard Law School at the Princeton Football Association President’s DinnerPrinceton Club...
2003 | Hal Scott
Download As PDF This article explores whether a more formal bankruptcy procedure, the Sovereign Debt Restructuring Mechanism (SDRM) as proposed by the IMF, or in some modified form, is needed to deal with sovereign debt problems. The key consequences of the invocation...
2002 | Hal Scott
Download As PDF In the Game of Life, James L. Shulman and William G. Bowen attack what they view as the overemphasis on sports in “selective” colleges and universities based on extensive data collected by the Andrew W. Mellon Foundation on the student...
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