Steven L. Schwarcz

Publications

• De-Mystifying Digital Currencies
  87 LAW & CONTEMP. PROBS. 1 (2025) · Law and Contemporary Problems · 2025
• Corporate Governance and Risk-taking: A Statistical Approach
  3 U. CHI. BUS. L. REV. (2024) · The University of Chicago Business Law Review · 2024
• Regulating Global Stablecoins: A Model-Law Strategy
  75 VAND. L. REV. 1729 (2022) · Vanderbilt Law Review · 2022
• Lawmaking without Law: How Over Reliance on Economics Fails Financial Regulation (And What to do About It)
  71 AM. U. L. REV. (2022) · American University Law Review · 2022
• Scoping and Defining Financial Inclusion, Access to Credit, and Sustainable Finance
  84 LAW & CONTEMP. PROBS. 1 (2021) · Law and Contemporary Problems · 2021
• Financial Inclusion, Access to Credit, and Sustainable Finance
  84 LAW & CONTEMP. PROBS. i (2021) · Law and Contemporary Problems · 2021
• Regulating Derivatives: A Fundamental Rethinking
  70 DUKE L.J. 545 (2020) · Duke Law Journal · 2020
• Indenture Trustee Duties: The Pre-Default Puzzle
  88 U. CIN. L. REV. 659 (2020) · University of Cincinnati Law Review · 2020
• Soft Law as Governing Law
  104 MINN. L. REV. 2471 (2020) · Minnesota Law Review · 2020

• Empowering the Poor: Turning De Facto Rights into Collateralized Credit
  95 NOTRE DAME L. REV. (2019) · Notre Dame Law Review · 2019
• Beyond Bankruptcy: Resolution as a Macroprudential Regulatory Tool
  94 NOTRE DAME L. REV. 709 (2019) · Notre Dame Law Review · 2019
• Secured Transactions and Financial Stability: Regulatory Challenges
  81 LAW & CONTEMP. PROBS. 45 (2018) · Law and Contemporary Problems · 2018
• Regulating Complacency: Human Limitations and Legal Efficacy
  93 NOTRE DAME L. REV. 1073 (2018) · Notre Dame Law Review · 2018
• SOVEREIGN DEBT RESTRUCTURING AND ENGLISH GOVERNING LAW
  12 BROOK. J. CORP. FIN. & COM. L. (2017) · Brooklyn Journal of Corporate, Financial & Commercial Law · 2017
• Changing Law to Address Changing Markets: A Consequence-Based Inquiry
  80 LAW & CONTEMP. PROBS. 163 (2017) · Law and Contemporary Problems · 2017
• Rethinking Corporate Governance for a Bondholder Financed, Systemically Risky World
  58 WM. & MARY L. REV. 1335 (2017) · William & Mary Law Review · 2017
• Too Big to Fool: Moral Hazard, Bailouts, and Corporate Responsibility
  102 MINN. L. REV. 761 (2017) · Minnesota Law Review · 2017
• Macroprudential Regulation of Mortgage Lending
  69 SMU L. REV. 595 (2016) · SMU Law Review · 2016
• Regulating Financial Change: A Functional Approach
  100 MINN. L. REV. 1441 (2016) · Minnesota Law Review · 2016
• Keynote Address for Symposium 25 Years, Where Are We Now? Global Trade and Sovereign Debt
  25 MINN. J. INT'L L. 311 (2016) · Minnesota Journal of International Law · 2016
• Misalignment: Corporate Risk-Taking and Public Duty
  92 NOTRE DAME L. REV. (2016) · Notre Dame Law Review · 2016
• Intrinsic Imbalance: The Impact of Income Disparity on Financial Regulation
  78 LAW & CONTEMP. PROBS. 97 (2015) · Law and Contemporary Problems · 2015
• Foreword
  78 LAW & CONTEMP. PROBS. i (2015) · Law and Contemporary Problems · 2015
• Excessive Corporate Risk-Taking and the Decline of Personal Blame
  65 EMORY L.J. 533 (2015) · Emory Law Journal · 2015
• Keynote Reflections: The Public Governance Duty
  50 GA. L. REV. (2015) · Georgia Law Review · 2015
• The Governance Structure of Shadow Banking: Rethinking Assumptions about Limited Liability
  90 NOTRE DAME L. REV. (2014) · Notre Dame Law Review · 2014
• Regulating Systemic Risk in Insurance
  81 U. CHI. L. REV. (2014) · University of Chicago Law Review · 2014
• The Bankruptcy-Law Safe Harbor for Derivatives: A Path-Dependence Analysis
  71 WASH. & LEE L. REV. 1715 (2014) · Washington and Lee Law Review · 2014
• Lawyers in the Shadows: The Transactional Lawyer in a World of Shadow Banking
  63 AM. U. L. REV. (2013) · American University Law Review · 2013
• Framing Address: A Framework for Analyzing Financial Market Transformation
  36 SEATTLE U. L. REV. 299 (2013) · Seattle University Law Review · 2013
• Regulating Shadows: Financial Regulation and Responsibility Failure
  70 WASH. & LEE L. REV. 1781 (2013) · Washington and Lee Law Review · 2013
• The Custom-to-Failure Cycle
  62 DUKE L.J. 767 (2012) · Duke Law Journal · 2012
• The 2011 Diane Sanger Memorial Lecture Protecting Investors in Securitization Transactions: Does Dodd–Frank Help, or Hurt?
  72 LA. L. REV. (2012) · Louisiana Law Review · 2012
• Marginalizing Risk
  89 WASH. U. L. REV. 487 (2012) · Washington University Law Review · 2012
• The Use and Abuse of Special-Purpose Entities in Public Finance
  97 MINN. L. REV. 369 (2012) · Minnesota Law Review · 2012
• Regulating Systemic Risk: Towards an Analytical Framework
  86 NOTRE DAME L. REV. 1349 (2011) · Notre Dame Law Review · 2011
• Compensating Market Value Losses: Rethinking the Theory of Damages in a Market Economy
  63 FLA. L. REV. 1053 (2011) · Florida Law Review · 2011
• Keynote Address: The Conflicted Trustee Dilemma
  54 N.Y.L. SCH. L. REV. 707 (2010) · NYLS Law Review · 2010
• Fiduciaries with Conflicting Obligations
  94 MINN. L. REV. 1867 (2010) · Minnesota Law Review · 2010

• The Future of Securitzation
  Connecticut Law Review · 2009
• Keynote Address: Understanding the Subprime Financial Crisis
  60 S. C. L. REV. (2009) · South Carolina Law Review · 2009
• Regulating Complexity in Financial Markets
  87 WASH. U. L. REV. 211 (2009) · Washington University Law Review · 2009
• SMU Dedman School of Law Roy R. Ray Lecture Markets, Systemic Risk, and the Subprime Mortgage Crisis
  61 SMU L. REV. 209 (2008) · SMU Law Review · 2008
• Disclosure's Failure in the Subprime Mortgage Crisis
  2008 UTAH L. REV. (2008) · Utah Law Review · 2008
• Protecting Financial Markets: Lessons from the Subprime Mortgage Meltdown
  93 MINN. L. REV. 373 (2008) · Minnesota Law Review · 2008
• Looking Forward: 2005-2010 A Sovereign Debt Restructuring Reverie
  6 CHI. J. INT'L L. (2006) · Chicago Journal of International Law · 2006
• Temporal Perspectives: Resolving the Conflict between Current and Future Investors
  89 MINN. L. REV. 1044 (2005) · Minnesota Law Review · 2005
• Securitization Post-Enron
  25 CARDOZO L. REV. 1539 (2004) · Cardozo Law Review · 2004
• Commercial Trusts as Business Organizations: An Invitation to Comparatists
  13 DUKE J. COMP. & INT'L L. 321 (2003) · Duke Journal of Comparative & International Law · 2003
• Global Decentralization and the Subnational Debt Problem
  51 DUKE L.J. 1179 (2002) · Duke Law Journal · 2002
• The Universal Language of International Securitization
  12 DUKE J. COMP. & INT'L L. 285 (2002) · Duke Journal of Comparative & International Law · 2002
• Intermediary Risk in the Indirect Holding System for Securities
  12 DUKE J. COMP. & INT'L L. 309 (2002) · Duke Journal of Comparative & International Law · 2002
• Intermediary Risk in a Global Economy
  50 DUKE L.J. 1541 (2001) · Duke Law Journal · 2001
• The Impact of Bankruptcy Reform on "True Sale" Determination in Securitization Transactions
  7 FORDHAM J. CORP. & FIN. L. 353 (2001) · Fordham Journal of Corporate & Financial Law · 2001
• Sovereign Debt Restructuring: A Bankruptcy Reorganization Approach
  85 CORNELL L. REV. 956 (2000) · Cornell Law Review · 2000

• The Impact on Securitization of Revised UCC Article 6
  74 CHI.-KENT. L. REV. 947 (1999) · Chicago-Kent Law Review · 1999
• The Universal Language of Cross-Border Finance
  8 DUKE J. COMP. & INT'L L. 235 (1998) · Duke Journal of Comparative & International Law · 1998
• The Easy Case of the Priority of Secured Claims in Bankruptcy
  47 DUKE L.J. 425 (1997) · Duke Law Journal · 1997
• Protecting Rights, Preventing Windfalls: A Model for Harmonizing State and Federal Laws on Floating Liens
  75 N. C. L. REV. 403 (1997) · North Carolina Law Review · 1997
• Rethinking a Corporation’s Obligations to Creditors
  17 CARDOZO L. REV. 647 (1996) · Cardozo Law Review · 1996
• Civil Forfeiture: A Higher Form of Commercial Law?
  62 FORDHAM L. REV. 287 (1993) · Fordham Law Review · 1993
• Structured Finance: The New Way to Securitize Assets
  11 CARDOZO L. REV. 607 (1990) · Cardozo Law Review · 1990

• The Impact of Fraudulent Conveyance Law on Future Advances Supported by Upstream Guaranties and Security Interests
  9 CARDOZO L. REV. 729 (1987) · Cardozo Law Review · 1987