Lenders are perfectly free to decide for themselves whether, when, how, to whom and on what terms they will extend credit to a sovereign borrower. But...
This Essay is built around a central empirical claim: that most reforms and interventions in the criminal legal space are shown to have little lasting...
This chapter studies political corruption and its many relationships to the law of democracy. It begins with bribery laws, which forbid officials from...
The past few years have witnessed a particular accusation leveled repeatedly and loudly at the U.S. Supreme Court’s conservative supermajority: that...
In days of yore, sovereign borrowers needing debt relief negotiated with two groups of creditors—the bilateral (government) creditors that comprised...
Courts routinely use low cash bail as a financial incentive to ensure that released defendants appear in court and abstain from crime. This can create...
We examine the legal terms in the market for green bonds, debt instruments in which proceeds are earmarked, directly or indirectly, for projects with...
All sovereign debt restructurings are inherently messy, expensive, exasperating, time-consuming and contentious. These are the familiar pathologies in...
In 1968, the U.S. stock market collapsed. It did not flatline, of course, but major markets closed every Wednesday in an event now known as the "Wall...
Things have changed since the days when debt-stricken countries only had to negotiate with government creditors in the so-called Paris Club and with...
This comprehensive textbook applies economic analysis to public law. The economic analysis of law has revolutionized legal scholarship and teaching in...
False information causes harm, threatening individuals, groups, and society. Many people struggle to judge the veracity of the information around them...
This book is the only text devoted to the legal problems raised by foreign investment and business transactions in emerging markets. Its organization...
As China reformed its economy during the past 44 years, it experienced the fastest sustained expansion by a major economy in history, with an annual...