When Donald Trump became President, he promised to reverse the normalization process with Cuba begun by Barack Obama. In June 2017, President Trump announced a new framework for Cuba policy designed to redirect economic activity away from businesses operated by the Cuban military and towards the...

While scholars and journalists have written exhaustively about the property claims against Cuba certified by the U.S. Foreign Claims Settlement Commission, little attention has been paid to Cuba's public international law claim against the United States for embargo losses caused by its...

This essay traces the risk of risk-based capital standards for regulated financial intermediaries. In a capitalist economy, a private firm seeking finance must negotiate with prospective investors in the open market, which establishes standards about the terms on which debt and equity investment...

Though seen primarily as lenders, depository banks face their own financing challenges arising from their role as intermediaries, their compliance with prudential regulation, the short-term stresses on their financial resources, and their changing position in a credit market populated with...

As instability in the credit market has spread from sub-prime mortgages to commercial sectors, demand grows for a cogent account of current liquidity dynamics and their implications. To that end, I distinguish between market and funding liquidity and analyze how these distinct forms of liquidity...

As instability in the credit market has spread from sub-prime mortgages to commercial sectors, demand grows for a cogent account of current liquidity dynamics and their implications. To that end, I distinguish between market and funding liquidity and analyze how these distinct forms of liquidity...

Financial losses at Enron and other large firms have generated a financial moral panic in which corporate officers and auditors have been constructed as folk devils and financial predators. An argument developed by British sociologists and widely used by the Left, moral panic theory explains how...

Despite federal constraints on Cuban area studies, academic interest in legal aspects of the Cuban economy is growing. This Article considers how central bank governance structure - specifically that of the Cuban Central Bank - operates as an investment signal to potential foreign investors with...

In response to the financial crisis that began in 2007, the Federal Reserve ('Fed') initiated a series of ad hoc deals (for Bear Stearns and AIG) and new lending facilities that benefited a variety of other nonbank financial intermediaries. Through these deals and programs the Fed became a...