Steven L. Schwarcz

Financial-law scholar of securitization, bankruptcy, and systemic risk

systemic risksecuritizationbankruptcy

Official Source Note

Duke Law identifies Schwarcz as Stanley A. Star Distinguished Professor of Law & Business and lists insolvency, bankruptcy, international finance, capital markets, systemic risk, corporate governance, and commercial law among his research areas.

Schwarcz is included because his work links the transactional structure of securitization and shadow banking to the externalities, coordination failures, and transmission channels that justify systemic-risk regulation.

Source: Duke University School of Law

Relevance to the Archive

Schwarcz connects transactional finance to macroprudential regulation by showing how firm-level incentives, disintermediation, and financial-market structure generate public spillovers.