Open Access. Powered by Scholars. Published by Universities.®

Finance Commons™

Open Access. Powered by Scholars. Published by Universities.®

Law

2016

Selected Works

Articles 1 - 2 of 2

Full-Text Articles in Finance

Policy Considerations Related To Further Intervention In The Farm Credit System, Neil E. Harl Jul 2016

Policy Considerations Related To Further Intervention In The Farm Credit System, Neil E. Harl

Neil E. Harl

The Farm Credit System Is a major participant in extending credit to and brokering losses from the agricultural sector during the current adjustment process. This article focuses on the problems faced by the system as a cooperative lender with relatively little diversity in its loan portfolio. Assistance to the system should be accompanied by organizational and structural changes that address the fundamental reasons for its vulnerability. Conditions suggest three basic choices: (1) preservation of the system in recognizable form, (2) decentralization to the district level, or (3) a shift toward a wholesaling function. One realistic alternative would involve a combination …

Go to article

Currency Wars And The Erosion Of Dollar Hegemony, Lan Cao Dec 2015

Currency Wars And The Erosion Of Dollar Hegemony, Lan Cao

Lan Cao

A currency war is being waged against the dollar-based international economic system established in Bretton Woods after World War II. Much attention has been paid to the use of force and threats to the peace in Iraq, Afghanistan and Syria. But there is little law scholarship that examines threats to the dollar and the dollar-based system. And yet, challenging a country’s currency means challenging it on multiple fundamental fronts. Stocks, bonds, commodities, derivatives and other investments are all priced in a nation’s currency. If the dollar is undermined, the American economy itself and the existing international economic system are also …

Go to article