Followers of law, politics and business commonly relate stories of individuals who appear to predict an expected self-performance level below what they believe likely. Candidates, attorneys and firms sometimes seem to under-predict their own capacities. Insofar as individuals typically construct...

Discretion is examined as a feature of the design of rule-guided systems. That is, given that rules have to be administered by some group of persons, called adjudicators, and given that their goals may be different from society's (or a relevant organization's), when is it socially desirable to...

The 1983 amendments to Federal Rule of Civil Procedure Rule 11, which dealt with frivolous litigation papers, prompted much controversy, satellite litigation, and a new cottage industry, Rule amendments in 1983 increased both the range of sanctionable attorney conduct and the extent of judicial...

In this paper we argue that, in substance, the Quantitative Easing (QE) programmes introduced by central banks around the world amount to monetary financing of government deficits. As such, these programmes are unlawful under the Treaty on the Functioning of the European Union (TFEU). However,...

In November 2012, RF Minister of Defense Anatoly Serdiukov, accused of abetting corruption in his ministry, was sacked from office; former Deputy Minister of Regional Development was arrested; criminal proceedings against the managers of Rostelekom and the former top officials of the RF Ministry of...

Not least due to the relatively short period of existence of the Single Supervisory Mechanism (SSM), the transparency of the European Central Bank (ECB) in the SSM has not attracted significant attention from legal scholarship. This contribution seeks to close this gap to some extent by mapping...

As a result of the Global Financial Crisis, weaknesses in New Zealand's securities law regulatory regime have become more apparent. Reviews and reforms are currently being undertaken and implemented to ensure the robustness of the regulatory system. For example, the Financial Markets Authority...

We analyze the electoral consequences of India's 2016 ‘demonetization': a unique policy that unexpectedly made 86% of the currency-in-circulation redundant overnight, and led to severe cash shortages in the subsequent months. We leverage a discontinuity in the number of bank branches arising...