Select Papers from the Seminar in International Finance

2011-2012

LESSONS FOR TARP FROM ABROAD: A SURVEY OF RECENT RECAPITALIZATION PROGRAMS
2012 PIFS Prize winner Da Lin

REVITALIZING THE SOUTHEAST ASIAN REGIONAL FINANCIAL ARCHITECTURE: TOWARDS THE ESTABLISHMENT OF A FINANCIAL STABILITY BODY AND AN EFFECTIVE CROSS-BORDER RESOLUTION REGIME FOR BANKS AND OTHER FINANCIAL INSTITUTIONS IN SOUTHEAST ASIA
Pedro Jose F. Bernardo

BEYOND MORRISON V. NATIONAL AUSTRALIA BANK: APPROACHES FOR THE SECURITIES AND EXCHANGE COMMISSION IN LIGHT OF THE TRANSACTIONAL TEST
Sarah Crandall

Innovative Securitization after the Crisis? Whole Business Securitization in the U.S. and Japan
Yusuke Murakami

EUROBONDS
Carl-Erik Torgerson


2010-2011

Presuming Too Much? The Extraterritorial Reach of U.S. Securities Laws after Morrison and Dodd Frank
2011 PIFS Prize winner Joshua L. Boehm

An Inquiry into the Optimal Institutional Design of Financial Regulation
Jefferson Siqueira de Brito Alvares

The International Monetary Fund and the Financial Stability Board: Strengthening International Supervisory Coordination In the New International Financial Architecture
Ryan Castillo

Basel III: Capital Adequacy and Liquidity after the Financial Crisis
Bernd P. Delahaye

A Model Law Framework For the Resolution of Multinational Financial Groups
Jonathan M. Edwards

Central Banks and Financial Crisis: A Comparative Study - FED, ECB and BOJ
Naoya Kikuta

The Elliott Acropolis? An Analysis of Individual Creditor Sovereign Debt Enforcement Mechanisms
Pablo M. Ros

2009-2010

U.S. Policy Toward Foreign Banks During the Financial Crisis: Lessons for Cross-Border Banking Regulation
2010 PIFS Prize winner David Sheeren

Collateral Management Best Practices: Implications for Systemic Risk
David Bruce Anderson

Do We Need Central Counterparty Clearing of Credit Default Swaps?: A Policy Analysis of the Regulatory Initiatives for CCP Clearing of CDS in the United States
Stefan Kramer

The Future of Hedge Fund Regulation: A Comparative Approach
Anne C. Rivière

The 2009 Stress Tests: A Model for Periodic Transparent Examinations of the Largest Bank Holding Companies
Andru E. Wall

2008-2009

Cracks in the Foundation: A Transactional Study of Non-Agency Residential Mortgage-Backed Securities
2009 PIFS Prize winner Yuli Wang

Derivative Investment Instruments and Investor Protection in the European Union
Michał Bobrzyński

Self-Regulation in the Financial Sector – Status Quo and Future Outlook
Philipp Fischer

Extraterritorial Application of the U.S. Securities Laws and the F-Cubed Plaintiff Problem
Courtney Haraguchi

Fair Value Accounting: Friend or Foe?
Ian E. Scott

Looking for the Silver Lining: Regulatory Reform after the “Credit Crunch”
Yesha Yadav

2007-2008

An Overview of Securities Enforcement in Japan
2008 PIFS Prize winners Melissa Anderson & Yoshitoshi Imoto

An Overview of Securities Enforcement in Germany
Swethaa Ballakrishnen, Elisabetta Cervone, & Brandon Still

An Overview of Securities Enforcement in the United Kingdom
Devon Kirk & Tonbofa Ashimi

An Overview of Securities Enforcement in Hong Kong
Hsien-Jay Lee &Chang Cheng

An Overview of Securities Enforcement in Australia
Andrew F. Tuch & Maria Nicole Beringer

2006-2007

Canaries in a Coal Mine: Competitive Complacency in the Decline of America's Public Equity Capital Markets
2007 PIFS Prize winner Toussant Boyce

Hybrid Securities: A Comparative Study Between the U.S. and Japan
Hiroki Aoyama

Asian Offshore Bond Markets
Yoshio Ishitani

Non-Traditional Capital Controls: The Other Side of Securities Regulation
Colin D. Lloyd

Credit Derivatives: Settlement and Other Operational Issues
Alexandre Richa

2005-2006

The Equivalence Approach to Securities Regulations
2006 PIFS Prize Winner Tzung-bor Wei

Regulatory Equivalence and the U.S.-E.U. Financial Services Dialogue
Ephyro Luis B. Amatong

Revisiting Legal Limitations on Foreign Investing by Pensions Funds
Jhon Carmona

Regulatory Convergence in the EU and the Importance of the Enforcement Variable: Evidence from the U.K., Germany and Hungary
Sava Savov

The Applicability of Domestic Banking Law to Cross-Border Transactions
Thomas Schobel

Legal Analysis of Controversy on Privatization of Japan’s Postal Services System: What Is the Purpose and Effect to Privatize Public Corporations?
Shigeyuki Watanabe

2004-2005

Virginia Boyd
Financial Privacy in the United States and the European Union: A Path to Trans-Atlantic Regulatory Harmonization
The Irving Memorial Reward in Information and Technology was awarded to Virginia Boyd for her paper.

Kathryn Brown
Market Discipline in Sovereign Debt: Reinforcing the Rights of Bondholders and Private Creditors

Amelie Champasaur
The Regulation of Credit Rating Agencies in the U.S. and the EU: Recent Initiatives and Proposals

Stavros Gkantinis
Reshaping the Global Securities Markets: A Comparative Study of the Proposed Regulation NMS in the U.S. and the EU Directive 2004/39/EC on Markets in Financial Instruments

Apostolos Gkoutzinis
How Far is Basel from Geneva? International Regulatory Convergence and the Elimination of Barriers to International Financial Integration

2003-2004

David Brenneman
The Role of Regional Integration in the Development of Securities Markets: A Case Study of the EU Accession Process in Hungary and the Czech Republic

Albert Ko
Argentina: The Default Option--An Alternative Solution to Restructuring Sovereign Debt

Jeffrey M. Loeb
Strengthening Bond Creditors' Remedies Under the Foreign Sovereign Immunities Act

Kirsten Malm
Assessing Proposals for Iraqi Financial Reconstruction: Blending Lessons from the Experiences of Developing, Post-Conflict, Transitional and Commodity-Export-Dependent Economies

Alexander Nadmitov
Russian Debt Restructuring: Overview, Structure of Debt, Lessons of Default, Seizure Problems, and the IMF SDRM Proposal

Pierre-Hugues Verdier
Credit Derivatives and the Sovereign Debt Restructuring Process

Feng Wang
Throwing Bricks, Attracting Jade: Securitization of Non-Performing Loans in China

2002-2003

Pierre Aïdan
The Proposal for a New Directive on Prospectuses: Potential Impact on the Structure of Capital Markets in Europe

Rachel Carnachan
A Third Way: The Case for Competition between U.S. GAAP and IFRS in U.S. Capital Markets

Kihungi Justus Nathan Njoroge
The Conditionalities Pre-requisite For Admission into the World Bank/IMF HIPC Initiative: Suggestions for a Paradigm Shift

Donald E. Lacey, Jr.
Democratizing the Hedge Fund: Considering the Advent of Retail Hedge Funds

Emily R. Pollack
Assessing the Usage and Effect of Credit Derivatives

Birgir Már Ragnarsson
The Development of the EU Disclosure Regime and Regulatory Competition

Ulrich Tauboeck
The "European Passport" for Issuers of Prospectuses and its Consequences as seen from the Austrian Perspective

Christopher Woo
The Effects of the Sarbanes-Oxley Act on Foreign Private Issuers

2001-2002

Aino Bunge
Operational Risk Insurance - Treatment under the New Basel Accord

Almira Delibegovic Broome
Post-conflict Economies and International Finance-A Case Study: Land and Secured Lending Law Reform in Bosnia-Herzegovina

Norman A. Cappell
European Issuers in the American Capital Markets: Empirical Evidence and Implications for the Issuer Choice Debate

James Gillespie
Follow the Money: Tracing Terrorist Assets

Seth Goldman
US Jurisdiction of Foreign Exchanges in Cross-Border Trading
The Addison Brown Prize was awarded to Seth Goldman for his paper.

Cameron Half
Evolving Trends in the Supervision of Financial Conglomerates: A Comparative Investigation of Responses to the Challenges of Cross-Sectoral Supervision in the United States, European Union and United Kingdom

Anthony P. Hanlon
Proposals for Reform of Hedge Fund Regulation

Eduardo Luis Lopez Sandoval
Sovereign Debt Restructuring: Should We Be Worried about Elliott?

Kentaro Tamura
The Problem of Sovereign Debt Restructuring: How Can We Deal with Holdout Problem Legally?

2000-2001

Linda C. Kreem
Legal and Policy Considerations In Establishing a Stay Mechanism For Sovereign Debtors

Kumar St. Clair Paul
International Passports To Cross Border Offerings & Listings Of Securities - The Reality

Sheldon L. Pollock
Working Toward More Consistent & Predictable Outcomes: The Case for a New Paradigm for Closing-Out Deliverable Foreign Exchange Contracts in the Wake of Capital Controls

John Van Sickle
Legal and Policy Choices in Official Dollarization

S. Eric Wang
Investing Abroad: Regulation S and US Retail Investment in Foreign Securities

Zhanna A. Zenina
Case Study: Merger of the London and Frankfurt Stock Exchanges