Bankruptcy Not Bailout: A Special Chapter 14

Bankruptcy Not Bailout: A Special Chapter 14

Bankruptcy Not Bailout: A Special Chapter 14

Bankruptcy Not Bailout: A Special Chapter 14

Hardcover(1st Edition)

$19.95 
  • SHIP THIS ITEM
    Qualifies for Free Shipping
    Usually ships within 6 days
  • PICK UP IN STORE
    Check Availability at Nearby Stores

Related collections and offers


Overview

This book introduces and analyzes a new and more predictable bankruptcy process designed specifically for large financial institutions—Chapter 14—to achieve greater financial stability and reduce the likelihood of bailouts. The contributors identify and compare the major differences in the Dodd-Frank Title II and the proposed new procedures and outline the reasons why Chapter 14 would be more effective in preventing both financial crises and bailouts.

Product Details

ISBN-13: 9780817915148
Publisher: Hoover Institution Press
Publication date: 09/01/2012
Edition description: 1st Edition
Pages: 264
Product dimensions: 5.50(w) x 8.10(h) x 1.00(d)

About the Author

Kenneth E. Scott is a senior research fellow and the Ralph M. Parsons Professor of Law and Business Emeritus, Stanford University Law School. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University.

Table of Contents

Preface John B. Tayhr ix

Part A A New Bankruptcy Approach

1 A Guide to the Resolution of Failed Financial Institutions: Dodd-Frank Title II and Proposed Chapter 14 Kenneth E. Scott 3

2 Bankruptcy Code Chapter 14: A Proposal Thomas H. Jackson 25

Part B Lehman and "Orderly Liquidation"

3 Comment on Orderly Liquidation under Title II of Dodd-Frank and Chapter 14 William F. Kroener III 73

4 An Examination of Lehman Brothers' Derivatives Portfolio Postbankruptcy: Would Dodd-Frank Have Made a Difference? Kimberly Anne Summe 85

Part C Liquidation and Reorganization

5 A Dialogue on the Costs and Benefits of Automatic Stays for Derivatives and Repurchase Agreements Darrell Duffie David Skeel 133

6 The Going-Concern Value of a Failed SIFI: Dodd-Frank and Chapter 14 Kenneth E. Scott Thomas H. Jackson 175

7 Dodd-Frank: Resolution or Expropriation? Kenneth E. Scott 199

Postlogue

8 Regulatory Reform: A Practitioner's Perspective Kevin M. Warsh 207

9 A Macroeconomic Perspective: "Dealing with Too Big to Fail" Andrew Crockett 217

About the Authors 227

About the Hoover Institution's Working Group on Economic Policy 233

Index 237

From the B&N Reads Blog

Customer Reviews