We study the occurrence of holdout litigation in the context of sovereign defaults. The number of creditor lawsuits against foreign governments has strongly increased over the past decades, but there is a large variation across crisis events. Why are some defaults followed by a "run to the...

Lawmaking through legislation : an introduction -- Optimal specificity of laws : rules versus standards -- Optimal timing of legal intervention : lawmaking under uncertainty -- Optimal territorial scope of laws : subsidiarity and legal harmonization -- Lawmaking through adjudication : an...