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Luigi Zingales

For Luigi Zingales's latest contributions to The Japan Times, see below:

Feb 13, 2011

Minding a world banker's conflict of interest

CHICAGO — When Dominique Strauss-Kahn, a former French finance minister, was appointed managing director of the International Monetary Fund in 2007, many developing countries objected — not to him, but to the tradition that gave the IMF’s top job to a European, with the ...

May 6, 2010

Brand, but don't ban, credit default swaps

CHICAGO — The lawsuit filed last month by the U.S. Securities and Exchange Commission against Goldman Sachs for securities fraud, charging the bank with misrepresenting the way a collateralized debt obligations had been formed, has revived public disgust at credit default swaps (CDS), the ...

Oct 1, 2008

U.S. Treasury Secretary Paulson is wrong

CHICAGO — When a profitable company is hit by a very large liability, the solution is not to have the government buy its assets at inflated prices. The solution, instead, is protection under bankruptcy law, which in the United States means Chapter 11. Under ...