This artical evaluates banking regulation and capital markets development in Vietnam from more parochial perspective. The analysis focuses on Vietnam's needs at this stage of her economic development and explores how financial sector reforms could be best tailored to meed those needs.

Legal process involves both information gathering and decisionmaking components. The field of legal procedure defines rules the affect the cost of accuracy of the legal process. Two important aspects of legal process involve the specification of relevent issues and the interaction between...

This paper related four topics:i) why is there such a strong movement to harmonize private, commercial law and in particular the law of secured transactions at this time, and what are some of the characteristics of hamonization efforts; ii) the body paper proposed revisions to UCC Article 8, the...

Dispute-settlement panels of a General Agreement on Tariffs and Trade (GATT), as well as the GATT Secretariat, have condemned the use of trade restrictions by some countries to induce other countries to protect the global environment. The GATT Secretariat has recommended that countries rely on...

Computer network technology promises to revolutionnize the secondary securities market and particularly to reduce dramatically the marginal costs associated with trading corporate equities. Lowering transactions costs usually is presumed to increase trader welfare. certain unique characteristics...

In this article we address the hard question of what decision rule should control decision making by juries in criminal cases.

The purpose of this paper is to outline the basic economic logic underlying the guaranty relationship- its costs and benefits, and what distinguishes it from other financial arrangements for which it is a substitute.

This paper presents a simple heterogenous expectations pricing model premised on investor disagreement, risk aversion, and short sales restrictions.

Standard form contracts are an inevitable by-product of a mass production economy. Just as fixed costs and scale economies in production lead manufacturers to develop standardized goods, those regularly engaged in business find it advantageous to standardize the terms of which they product...

This paper describes the immigartion policy that would naximize the welfare of natives. Trade principles indicate that the United States should eliminate its immigration quotas and other nontariff protectionist bassiers and use immigration tariffs instead.