Framing Address: A Framework for Analyzing Financial Market Transformation
Steven L. Schwarcz
Duke University School of Law
April 10, 2013
Seattle University Law Review, Vol. 36, No. 2, 2013
To open an international conference on “Rethinking Financial Markets,” this address seeks to frame that inquiry from the perspectives of scholars in the fields of law, economics, finance, and accounting. In attempting to identify what it is about financial markets that is worth rethinking, the address focuses on market changes that increase decentralization, fragmentation, globalization, disintermediation, and funding mismatches. The address also argues that the scholarly perspectives are inherently interrelated: although scholars in each field proceed from their own toolkits, they all aim for the common normative goal of optimizing financial markets to enable capital formation.
Number of Pages in PDF File: 21
Date posted: April 17, 2012 ; Last revised: December 28, 2014
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