The SEC’s efforts to standardize climate disclosure have revealed deep divides among the public and among corporate and securities law scholars about the proper scope and goals of climate disclosure reform. This controversy comes at a time when investor demand for ESG investment products is...

1. The macroeconomics of derivatives : the issue of measurement and accounting -- 2. derivatives and monetary policy : global stability -- 3. derivatives and fiscal policy : risks and hazard -- 4. The theory of investments and derivatives : the frontier of economic analysis.

We propose a regulatory approach for restricting debt financing as an amplification mechanism across the financial system. A small stylised model illustrates the trade-off between static and time varying limits on leverage in dampening the financial cycle. The policy section proposes its...