The Banking Union is based on different components, partly on directives applicable throughout the EU, partly on two regulations applicable only in the...
Liquidity production is a central role of banks. When there is a market premium for the production of (socially valuable) liquid financial claims and no...
This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally constructed and as such occupy an...
The large companies that currently file for Chapter 11 look very different than the typical Chapter 11 cases of the past. The liability side of debtors’...