In Bankruptcy Hardball, Professor Jared Ellias teams up with attorney Robert Stark to expose increasingly aggressive tactics by corporate managers in bankruptcy proceedings. The article, which draws on detailed case studies, is a methodological departure from Professor Ellias’s usual empirical quantitative work. But the insights are incisive as usual. The article details maneuvers by corporate… Continue reading →
A decade of reform efforts has given financial regulators an array of tools to stave off the next crisis—living wills, orderly liquidation authority, and so on. These new tools, in turn, have produced a large and lively literature in legal and economic scholarship. Yet a fundamental question—exactly when regulators should deploy the new regulatory apparatus—has… Continue reading →
We’re closing in on a decade since the height of the financial crisis, so perhaps it’s not surprising that reflection on financial regulation is in the air. Much of the focus has been on two divergent ideas. On the one hand, President Trump evidenced a deregulatory approach when he famously announced he would “do a… Continue reading →
