Differences in financial systems are often named as a prime candidate for the current state of global imbalances. This paper argues that the process of capital liberalization can explain a substantial fraction of the US net external liabilities. We present a simple two-country model with an...

"Digital Coins and Cryptocurrencies, Law and Regulation: Cases and Problems is a comprehensive legal casebook for law students, legal professionals, academics, who seek to understand the complex legal and regulatory landscape surrounding digital coins and cryptocurrencies. The following is a...