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Full-Text Articles in Law
Creativity, Improvisation, And Risk: Copyright And Musical Innovation, Olufunmilayo B. Arewa
Creativity, Improvisation, And Risk: Copyright And Musical Innovation, Olufunmilayo B. Arewa
Olufunmilayo B. Arewa
The goals and beneficiaries of copyright frameworks have long been contested in varied contexts. Copyright is often treated as a policy tool that gives creators incentives to create new works. Incentive theories of copyright often emphasize appropriability, which enables copyright owners to ensure that they profit from their copyrighted works by exercising control over uses of, and access to, such works. Although copyright clearly imposes costs in the form of restrictions on access to copyright-protected works and inefficiencies in the form of deadweight loss, the benefits of copyright are thought by many to outweigh the costs. Copyright discussions may at …
Risky Business: The Credit Crisis And Failure, Olufunmilayo B. Arewa
Risky Business: The Credit Crisis And Failure, Olufunmilayo B. Arewa
Olufunmilayo B. Arewa
The credit crisis represents a watershed event for global financial markets and has been linked to significant declines in real economy performance on a level of magnitude not experienced since World War II. Recognition of the crisis in 2008 has been followed in 2009 and 2010 by a plethora of competing proposals in response to the credit crisis. The result has been a cacophony of visions, voices, and approaches. The sheer noise that has ensued threatens to drown out the fundamental core questions that should be asked about the credit crisis. Among the most important are questions about the relationships …
Trading Places: Securities Regulation, Market Crisis, And Network Risk, Olufunmilayo B. Arewa
Trading Places: Securities Regulation, Market Crisis, And Network Risk, Olufunmilayo B. Arewa
Olufunmilayo B. Arewa
The rising power of traders has fundamentally transformed financial market networks and risks. Further, the increased complexity of traded securities and trading strategies within financial networks has magnified shortcomings of existing industry risk management practices as well as dominant regulatory regimes. Financial markets are ultimately places where people trade. Broader social and technological changes have altered the nature of trading activities in financial markets. Innovations in technology, financial instruments, and trading strategies have increased financial market efficiency but have also transformed sources of financial market risks. Financial market networks heighten the need for fundamental rethinking of financial market regulation and …