In recent years there has been a growing realization that there are significant problems with
the current bank risk-based capital guidelines. As financial firms have become more …

The interest in the application of market discipline to regulate the financial industry has
boomed recently due to the proposed New Capital Accord. This paper reviews the potential …

By enacting the Gramm-Leach-Bliley (GLB) Act'in November 1999, Congress opened a new
era for the regulation of financial services in the United States. From the Great Depression …

2084 UNIVERSITY'OFPENNSYLVANIAIAWREVIEW [Vol. 149: 2083 rules enforced by
courts. Bold claims that we are witnessing rapid convergence t ward a shareholder-centered …

This book analyzes how the bank-dominated financial system—a key element of the oft-
heralded" Japanese economic model"—broke down in the 1990s and spawned sweeping …

This paper investigates Japanese banks' earnings management behavior under three
distinct economic environments:(1) high-growth with asset price bubble economy (1985 …

* C 2000 by Ronald J. Mann. Roy F. and Jean Humphrey Proffitt Research Professor of Law
and Professor of Law, The University of Michigan Law School. BA 1982, Rice; JD 1985 …

Managing a banking crisis is one of the most difficult tasks to confront a policymaker. Often
measures must be decided quickly, sometimes in the eye of a crisis. Almost inevitably …

This paper discusses proposals for handling bank failures in a manner that is: rapid enough
to allow the business to continue, respects the ranking of claims, makes none of the parties …

This paper examines legal and policy issues raised by changes in payment methods related
to the rise of the Internet. The two major changes--the rise of P2P systems like PayPal, and …