Japan’s Postal Savings Showdown (2005)

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...

A Global Perspective on Corporate Governance (2005)

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...

What Games Are They Playing? (2004)

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...

A Bankruptcy Procedure for Sovereign Debtors (2003)

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...