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Steven L. Schwarcz

Stanley A. Star Distinguished Professor of Law
School of Law
Duke Law School Room 3028, Duke Box 90362, Durham, NC 27708
Duke Law School 210 Science Dr, Duke Box 90362, Durham, NC 27708

Selected Publications


Rethinking Commercial Law’s Uncertain Boundaries

Journal Article Harvard Business Law Review · 2024 Link to item Cite

Reexamining Enron's Regulatory Consequences

Journal Article NYU Annual Survey of American Law Forum · 2024 Link to item Cite

De-Mystifying Digital Currencies

Journal Article Law and Contemporary Problems · 2024 Link to item Cite

The Legal Anomaly of Non-Recourse Financing

Journal Article American Bankruptcy Law Journal · 2024 Link to item Cite

Bankruptcy-Remote Structuring: Reallocating Risk Through Law

Journal Article American Bankruptcy Law Journal · 2023 Link to item Cite

Corporate Governance and Risk-Taking: A Statistical Approach

Journal Article University of Chicago Business Law Review · 2023 Link to item Cite

Regulating Digital Currencies: Towards an Analytical Framework

Journal Article Boston University Law Review · 2022 Link to item Cite

The Inequities of Equitable Subordination

Journal Article American Bankruptcy Law Journal · 2022 Link to item Cite

Regulating Global Stablecoins: A Model-Law Strategy

Journal Article Vanderbilt Law Review · 2022 Link to item Cite

Bankruptcy Remoteness: A Summary Analysis

Journal Article Business Lawyer · 2022 Cite

Securitizing Pandemic-Risk Insurance

Journal Article Risk Management and Insurance Review · 2022 Link to item Cite

Regulating Financial Guarantors

Journal Article Harvard Business Law Review · 2021 Link to item Cite

Macromedical Regulation

Journal Article Ohio State Law Journal · 2021 Cite

Financial Inclusion, Access to Credit, and Sustainable Finance

Journal Article Law and Contemporary Problems · 2021 Link to item Cite

Financial Inclusion and the “War for Cash”

Journal Article Law and Contemporary Problems · 2021 Link to item Cite

Soft Law as Governing Law

Journal Article Minnesota Law Review · 2020 Link to item Cite

Regulating Derivatives: A Fundamental Rethinking

Journal Article Duke Law Journal · 2020 Link to item Cite

Indenture Trustee Duties: The Pre-Default Puzzle

Journal Article University of Cincinnati Law Review · 2019 Link to item Cite

Central Clearing of Financial Contracts: Theory and Regulatory Implications

Journal Article University of Pennsylvania Law Review · 2019 Link to item Cite

Systematic Regulation of Systemic Risk

Journal Article Wisconsin Law Review · 2019 Link to item Cite

Proactive Resolution of Sovereign and Subnational Debt

Journal Article University of Pennsylvania Journal of Business Law · 2019 Link to item Cite

Sovereign Debt Restructuring and English Governing Law

Journal Article Brooklyn Journal of Corporate, Financial & Commercial Law · 2018 Link to item Cite

Securitization Ten Years after the Financial Crisis: An Overview

Journal Article Review of Banking and Financial Law · 2018 Link to item Cite

Corporate Governance of SIFI Risk-Taking

Journal Article Dublin University Law Journal · 2018 Cite

Regulating Financial Change: A Functional Approach

Journal Article Minnesota Law Review · 2016 Link to item Cite

Sovereign Debt Restructuring: A Model-Law Approach

Journal Article Journal of Globalization & Development · 2016 Link to item Cite

Misalignment: Corporate Risk-Taking and Public Duty

Journal Article Notre Dame Law Review · 2016 Link to item Cite

Securitization and Post-Crisis Financial Regulation

Journal Article Cornell Law Review Online · 2016 Link to item Cite

Macroprudential Regulation of Mortgage Lending

Journal Article SMU Law Review · 2016 Link to item Cite

Fred L. Carhart Memorial Lecture

Journal Article Ohio Northern University Law Review · 2016 Cite

25 Years, Where Are We Now? Global Trade & Sovereign Debt

Journal Article Minnesota Journal of International Law · 2016 Link to item Cite

Sovereign Debt Restructuring: A Model-Law Approach

Journal Article Journal of Globalization and Development · December 2015 Unlike individuals and corporations, countries indebted beyond their ability to pay cannot use bankruptcy laws to restructure unsustainable debt. The United Nations and the International Monetary Fund have attempted to propose treaties to enable that debt ... Cite

Derivatives and Collateral: Balancing Remedies and Systemic Risk

Journal Article University of Illinois Law Review · 2015 Link to item Cite

Keynote Reflections: The Public Governance Duty

Journal Article Georgia Law Review · 2015 Link to item Cite

Ring-Fencing Financial Markets

Journal Article · 2015 Cite

Corporate Risk-Taking and the Decline of Personal Blame

Other Harvard Law School Forum on Corporate Governance and Financial Regulation · 2015 Link to item Cite

Sovereign Debt: The Statutory Solution

Journal Article International Financial Law Review · 2015 Cite

Foreword

Journal Article Law & Contemporary Problems · 2015 Open Access Link to item Cite

Regulating Systemic Risk in Insurance

Journal Article University of Chicago Law Review · 2014 Link to item Cite

Rollover Risk: Ideating a U.S. Debt Default

Journal Article Boston College Law Review · 2014 Link to item Cite

Securitization, Structured Finance, and Covered Bonds

Journal Article Journal of Corporation Law · 2014 Link to item Cite

Towards a "Rule of Law" Approach to Restructuring Sovereign Debt

Other Harvard Law School Forum on Corporate Governance and Financial Regulation · 2014 Link to item Cite

The Functional Regulation of Finance

Journal Article Harvard Law School Forum on Corporate Governance and Financial Regulation · 2014 Link to item Cite

Derivatives and Collateral: Balancing Remedies and Systemic Risk

Other Harvard Law School Bankruptcy Roundtable · 2014 Link to item Cite

Towards More Sustainable and Less Crisis-Driven Financial Regulation

Journal Article University of St. Thomas Law Journal · 2014 Link to item Cite

The Governance Structure of Shadow Banking

Other Harvard Law School Forum on Corporate Governance and Financial Regulation · 2014 Link to item Cite

Shadow Banking, Financial Markets, and the Real Estate Sector

Journal Article Review of Banking & Financial Law · 2013 Link to item Cite

Ring-Fencing

Journal Article Southern California Law Review · 2013 Link to item Cite

Understanding the Dangers of a Debt Default

Other Constitution Daily · 2013 Cite

Shadow Banking in China and Other Developing Countries

Journal Article Global Economic Governance Programme Working Paper · 2013 Cite

Marginalizing Risk

Journal Article Washington University Law Review · 2012 Link to item Cite

Sovereign Debt Restructuring Options: An Analytical Comparison

Journal Article Harvard Business Law Review · 2012 Link to item Cite

Regulating Shadow Banking

Journal Article Review of Banking & Financial Law · 2012 Link to item Cite

The Custom-to-Failure Cycle

Journal Article Duke Law Journal · 2012 Link to item Cite

What is Securitization? And for What Purpose?

Journal Article Southern California Law Review · 2012 Link to item Cite

Secondary-Management Conflicts

Journal Article · November 29, 2011 Full text Cite

Understanding the Subprime Financial Crisis

Journal Article · November 29, 2011 Full text Cite

Systemic Risk and Markets

Journal Article · November 29, 2011 Full text Cite

Financial Industry Self-Regulation: Aspiration and Reality

Journal Article University of Pennsylvania Law Review PENNumbra · 2011 Link to item Cite

Helping Microfinance Become Commercially Sustainable

Journal Article Gonzaga Law Review · 2011 Link to item Cite

Identifying and Managing Systemic Risk: An Assessment of Our Progress

Journal Article Harvard Business Law Review Online · 2011 Link to item Cite

The Conundrum of Covered Bonds

Journal Article Business Lawyer · 2011 Link to item Cite

A Minimalist Approach to State 'Bankruptcy'

Journal Article UCLA Law Review · 2011 Link to item Cite

Keynote Address: The Conflicted Trustee Dilemma

Journal Article New York Law School Law Review · 2010 Link to item Cite

Keynote Address: The Role of Lawyers in the Global Financial Crisis

Journal Article Australian Journal of Corporate Law · 2010 Link to item Cite

Distorting Legal Principles

Journal Article Journal of Corporation Law · 2010 Link to item Cite

Fiduciaries With Conflicting Obligations

Journal Article Minnesota Law Review · 2010 Link to item Cite

The Future of Securitization

Journal Article Connecticut Law Review · 2009 Link to item Cite

Regulating Complexity in Financial Markets

Journal Article Washington University Law Review · 2009 Link to item Cite

Keynote Address: Understanding the 'Subprime' Financial Crisis

Journal Article South Carolina Law Review · 2009 Link to item Cite

The 'Principles' Paradox

Journal Article European Business Organization Law Review · 2009 Link to item Cite

To Make or to Buy: In-House Lawyering and Value Creation

Journal Article Journal of Corporation Law · 2008 Link to item Cite

Beyond the Bailout

Other Forbes.com Commentary · 2008 Link to item Cite

Systemic Risk Meets Subprime Mortgages

Other Forbes.com Commentary · 2008 Link to item Cite

Systemic Risk

Journal Article Georgetown Law Journal · 2008 Link to item Cite

Explaining the Value of Transactional Lawyering

Journal Article Stanford Journal of Law, Business & Finance · 2007 Link to item Cite

Financial Information Failure and Lawyer Responsibility

Journal Article Journal of Corporation Law · 2006 Link to item Cite

The Public Responsibility of Structured Finance Lawyers

Journal Article Capital Markets Law Journal · 2006 Link to item Cite

Foreword

Chapter · 2006 Cite

Looking Forward: 2005-2010 - A Sovereign Debt Restructuring Reverie

Journal Article Chicago Journal of International Law · 2005 Link to item Cite

Foreword to Paul Ali & Jan Job de Vries Robbe

Journal Article Synthetic, Insurance and Hedge Fund Securitisations · 2004 Cite

'Idiot's Guide' to Sovereign Debt Restructuring

Journal Article Emory Law Journal · 2004 Link to item Cite

Securitization Post-Enron

Journal Article Cardozo Law Review · 2004 Link to item Cite

Subnational Debt Restructuring and the Rule of Law

Journal Article Journal of Restructuring Finance · 2004 Cite

Rethinking the Disclosure Paradigm in a World of Complexity

Journal Article University of Illinois Law Review · 2004 Link to item Cite

Commercial Trusts as Business Organization: An Invitation to Comparatists

Journal Article Duke Journal of Comparative & International Law · 2003 Link to item Cite

Book Review

Journal Article Canadian Business Law Journal · 2003 Link to item Cite

The Impact of Bankruptcy Reform on "True Sale" Determination in Securitization Transactions

Journal Article Fordham Journal of Corporate & Financial Law · 2002 Link to item Cite

Intermediary Risk in The Indirect Holding System For Securities

Journal Article Duke Journal of Comparative & International Law · 2002 Link to item Cite

Restructuring Subnational Debt

Journal Article Municipal Finance Journal · 2002 Cite

The Universal Language of International Securitization

Journal Article Duke Journal of Comparative & International Law · 2002 Link to item Cite

Private Ordering of Public Markets: The Rating Agency Paradox

Journal Article University of Illinois Law Review · 2002 Link to item Cite

Private Ordering

Journal Article Northwestern University Law Review · 2002 Link to item Cite

Indirectly Held Securities and Intermediary Risk

Journal Article Uniform Law Review/ Revue de droit uniforme · 2001 Cite

Intermediary Risk in a Global Economy

Journal Article Duke Law Journal · 2001 Link to item Cite

The Impact on Securitization of Revised UCC Article 9

Journal Article Chicago-Kent Law Review · 1999 Link to item Cite

The Inherent Irrationality of Judgment Proofing

Journal Article Stanford Law Review · 1999 Link to item Cite

Towards a Centralized Perfection System for Cross-Border Receivables Financing

Journal Article University of Pennsylvania Journal of International Economic Law · 1999 Link to item Cite

Judgment Proofing: A Rejoinder

Journal Article Stanford Law Review · 1999 Link to item Cite

The Universal Language of Cross-Border Finance

Journal Article Duke Journal of Comparative & International Law · 1998 Link to item Cite

The Attraction of Law and Economics: Is Law an Autonomous Discipline?

Journal Article Harvard Journal of Law & Public Policy · 1997 Link to item Cite

Rethinking a Corporation's Obligations to Creditors

Journal Article Cardozo Law Review · 1996 Link to item Cite

The Global Alchemy of Asset Securitization

Journal Article International Financial Law Review · 1995 Link to item Cite

The Alchemy of Asset Securitization

Journal Article Stanford Journal of Law, Business & Finance · 1995 Link to item Cite

A New Theory of Recourse in Structured Finance

Journal Article Asset Sales Report · 1994 Cite

Save the Blameless from Seizure Laws

Other New York Times · 1994 Cite

Civil Forfeiture: A Higher Form of Commercial Law?

Journal Article Fordham Law Review · 1994 Link to item Cite

Credit Lyonnais Case Clarifies ABS Issues in Bankruptcy

Journal Article Asset Sales Report · 1992 Cite

Structured Finance: The New Way to Securitize Assets

Journal Article Cardozo Law Review · 1990 Link to item Cite

Basics of Business Reorganization in Bankruptcy

Journal Article Journal of Commercial Bank Lending · 1987 Link to item Cite

Basics of Business Reorganization in Bankruptcy

Journal Article Journal of Commercial Bank Lending · 1985 Cite

Repurchase Agreements and Bankruptcy Changes

Other National Law Journal · 1984 Cite

A Disturbing Decision: Analysis of Twistcap

Journal Article Scott Report · 1983 Cite

Dealing with Problems Faced in Bankruptcies

Other National Law Journal · 1983 Cite

Resolving Conflicts in Technological Disputes

Journal Article Jurimetrics Journal · 1979 Cite

Peer Review Study

Book · 1975 Cite