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Interbank Discipline

As banking has evolved over the last three decades, banks have become increasingly interconnected.  This Article draws attention to an effect of this development that has important policy ramifications yet remains largely unexamined—a dramatic rise...

The New Investor Cliffhanger

In a recent UCLA Law Review article, The New Investor, 60 UCLA Law Review 678 (2013), Professor Tom Lin argues: Technological advances have made finance faster, larger, more global, more interconnected, and less human. Modern finance is becoming an...