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Luigi Zingales
For Luigi Zingales's latest contributions to The Japan Times, see below:
Japan Times
COMMENTARY / World
Dec 15, 2022
Shareholder democracy doesn’t work. Here’s how it can.
A simple voting reform could go a long way toward making shareholder democracy a reality and persuade companies to act in their interests.
COMMENTARY / World
Jul 23, 2013
German banks at the top of the cosseted heap
German opposition to an EU bank-resolution mechanism is a ploy to hide anticompetitive behavior in which German taxpayers subsidize the banks.
COMMENTARY / World
Mar 27, 2013
ECB head Mario Draghi's opiate of the markets
From the standpoint of EU economic stability, the division of Italy's parliament into three mutually incompatible political forces is a terrible outcome.
COMMENTARY / Japan
Feb 1, 2013
Mortgage fraud culture has its walk of the stars
A few criminal convictions have sent a powerful signal in the fight against insider trading. The stars of wider-scale bank mortgage fraud have walked.
COMMENTARY / World
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 Americans installing one of their own at the World Bank.
COMMENTARY / World
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 instrument used to bet against these CDOs.
COMMENTARY / World
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.

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on