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