Are you a startup struggling to obtain external debt financing? Look no further! The London School of Economics (LSE) has published an article that proposes a solution to this challenge. By simply choosing a legal form with high minimum paid-in capital requirements, startups can signal to lenders that they are less likely to default on a loan. This article provides empirical evidence supporting this hypothesis and highlights the implications for entrepreneurs and policymakers. Don't miss out on this valuable insight - check out the LSE reference article now!

High school students, are you interested in the criminal justice system and the impact of legal representation on defendants' outcomes? Then check out the new RAND Corporation study published in Science Advances! The study found that providing legal counsel to defendants during their initial bail hearing led to a decrease in the use of monetary bail and pretrial detention without increasing the likelihood of failure to appear at the subsequent preliminary hearing. This is an important study that sheds light on the impact of legal representation on defendants' outcomes, and it is definitely worth a read!

Are you curious about the link between derivatives and systemic risk in Africa's emerging financial markets? Check out this fascinating article from the London School of Economics! Learn about the growth of derivatives markets in Africa, their impact on financial stability, and the potential for a banking crisis. Discover how the use of derivatives can weaken the financial sector and create financial illiquidity, and explore pathways to ease the risk of a banking crisis in similar transitional economies. Don't miss out on this insightful analysis that sheds light on an important topic in the world of finance!

Cryptocurrency ventures are filing for bankruptcy, raising concerns about regulatory protection for retail consumers. Thomas Kalafatis and Richard Nesbitt argue that while cryptographically enhanced commerce is here to stay, regulators must become more aggressive with both coins and programming code to keep externalities under control. The lack of protection for disadvantaged consumers imposes a disproportionate cost of failure. Despite clear regulations, fraud still occurs, and more uniform and less arbitrageable regulation is needed to meet the public's demand for the benefit of cryptographically enhanced commerce.

Are you curious about the future of banking and digital currencies? A recent research article from the London School of Economics explores the impact of a Central Bank Digital Currency (CBDC) on the market structure of banking and its effects on deposits, loans, and output. The article presents a model that shows how a deposit-like CBDC can promote bank intermediation and expand deposits, loans, and output. But what happens when a CBDC is non-interest-bearing? Read on to find out how this can create competitive pressure and motivate banks to provide better terms and services to their customers.

Are you interested in investing in bitcoin and want to know what factors drive its returns? Look no further than a groundbreaking paper from Illinois Institute of Technology researchers that provides empirical evidence on the predictive power of blockchain technology, investor sentiment, and economic stress levels for bitcoin returns. Published in The Journal of Alternative Investments, this paper offers insights to help guide investors, economists, and academics. Find out more about the dual nature of bitcoin as a technical artifact and speculative asset, and the risks associated with holding it as an asset.

Are you interested in human rights and exploitation issues? Canada has just passed landmark legislation aimed at combating modern slavery in supply chains, joining other nations like Australia, Netherlands, UK, and the US. The Fighting Against Forced Labour and Child Labour in Supply Chains Act requires government institutions and Canadian-linked companies to submit an annual report detailing their efforts to address forced labor and child labor in their supply chains. However, this is just the start of efforts to address modern slavery. Read on to find out more about this issue and its impact on businesses. (Source: The Conversation)

Are you passionate about making a difference in the world? Do you want to help people and communities in need? If so, a career in nonprofit management might be perfect for you! Nonprofit management is a field that focuses on managing and leading organizations that are dedicated to serving the public good. These organizations can range from charities and foundations to advocacy groups and social enterprises. Nonprofit managers are responsible for overseeing the day-to-day operations of these organizations, ensuring that they are effective, efficient, and financially sustainable. One of the most appealing aspects of nonprofit management is the opportunity to make a real difference in people's lives. Whether you're working to provide food and shelter to the homeless, advocating for human rights, or promoting environmental sustainability, you'll be working towards a noble cause that can have a significant impact on the world. As a nonprofit manager, your duties may include fundraising, program development, volunteer management, financial management, and strategic planning. You may also specialize in areas such as marketing, communications, or human resources. Other related fields include public administration, social work, and international development. To pursue a career in nonprofit management, you'll typically need a bachelor's degree in a related field such as nonprofit management, public administration, or business administration. Some popular and relevant undergraduate programs and majors include the Bachelor of Nonprofit Administration, Bachelor of Public Administration, and Bachelor of Business Administration with a concentration in nonprofit management. Helpful personal attributes for a career in nonprofit management include strong communication skills, leadership abilities, and a passion for social justice. You should also be able to work well under pressure, manage multiple tasks at once, and be comfortable working in a team environment. Job prospects for nonprofit managers are generally good, with many opportunities available in both the public and private sectors. Notable potential employers include the United Nations, the Bill and Melinda Gates Foundation, the Red Cross, and the World Wildlife Fund, to name just a few. In the long term, the outlook for nonprofit management is positive, with a growing demand for professionals who can manage and lead organizations that are dedicated to making the world a better place. So if you're looking for a career that allows you to make a difference and create positive change in the world, consider a career in nonprofit management!

Are you interested in understanding why Black defendants are more likely to be held in jail before trial? Check out the recent research from UC Berkeley that suggests that long-standing policies and deeply rooted inequity, rather than a few "bad apples," may explain this. The study proposes an easy fix that could undo racial disparities in pretrial detention, including improving how pretrial reports are written and confronting the overreliance on a defendant's criminal history. Read on to learn more about the human and fiscal costs of pretrial detention and how policy changes could help reduce disparities.

Are you curious about how antitrust regulations affect innovation in platform ecosystems? Look no further than a new study by Stanford's Department of Management Science and Engineering and Vanderbilt University Owen Graduate School of Management. The researchers examined the impact of antitrust intervention on platform ecosystems and complementors, using Microsoft's enterprise infrastructure software as a case study. The results may surprise you! Learn more about the complex relationship between antitrust and innovation in this fascinating article from Stanford University.

Former Goldman Sachs executive, Roger Ng, has been sentenced to 10 years in prison for his role in the 1MDB scandal. The scandal involved the looting of billions of dollars from Malaysia's sovereign wealth fund, leading to massive fines for Goldman and rocking Malaysian politics. Ng had denied the charges, but prosecutors argued he played a key role in a corruption scheme that took funds intended for development projects and used them for bribes and personal gain. Learn more about this audacious scheme and its impact on global institutions.

Financial regulators have finally taken an interest in cryptocurrencies due to political pressure, despite law enforcement closely monitoring transactions for years. While crypto may not pose significant micro or macro concerns, regulators are compelled to act. However, their actions may backfire, warns Dr Jon Danielsson.

This text is the ultimate guide to the intersection of law and economics, covering everything from common law to the Constitution. Written by a highly distinguished author, it's accessible to those without prior knowledge of economics or mathematics and includes end-of-chapter sections to reinforce learning. This edition is updated with new information, including insights on Enron and other corporate scandals, the legal regulation of national security and foreign affairs, and expanded coverage of foreign law and intellectual property. This guide provides excellent coverage of topics ranging from common law to the Constitution ensures its relevance to those studying law, while also addressing economic issues for those studying economics. It also delves into emerging fields such as behavioral finance and internet law. The updated information in this edition is particularly noteworthy, with expanded coverage of foreign law and intellectual property. Overall, this guide is an excellent tool for those seeking to deepen their understanding of the interplay between law and economics, and to stay up-to-date with the latest developments in the field.

If you're a student who is intrigued by the complex and ever-changing world of business, corporate law could be the perfect career path for you. Corporate lawyers play a critical role in advising companies on legal matters and helping them navigate the intricate web of laws and regulations that govern modern commerce. Here's a closer look at what a career in corporate law entails and why it might be a great fit for you. Corporate law is a fascinating field that blends business and law, with a focus on the legal issues that arise in the context of corporate activities. Corporate lawyers help companies with a wide range of legal matters, such as structuring and negotiating business transactions, complying with regulatory requirements, and resolving disputes. Some corporate lawyers work in-house for a single company, while others work for law firms that provide legal services to multiple clients. One of the most appealing aspects of a career in corporate law is the opportunity to work on high-stakes deals and transactions that can have a significant impact on the global economy. For example, a corporate lawyer might work on a merger between two multinational companies, help a startup navigate the legal hurdles of an initial public offering (IPO), or advise a Fortune 500 company on a major joint venture. The work can be challenging, but also incredibly rewarding. In terms of day-to-day responsibilities, corporate lawyers often research and analyze legal issues, draft contracts and other legal documents, and advise clients on the legal implications of various business decisions. Some corporate lawyers specialize in particular areas of law, such as securities law, tax law, or intellectual property law. Others work in related fields such as mergers and acquisitions, private equity, or investment banking. To become a corporate lawyer, you'll typically need to earn a law degree (J.D.) and pass the bar exam in the state where you plan to practice. Some popular undergraduate majors for aspiring corporate lawyers include business, economics, and political science. Many law schools offer courses and clinics focused specifically on corporate law, and some also offer joint degree programs that combine law and business. In terms of personal attributes, successful corporate lawyers tend to be analytical, detail-oriented, and able to think strategically. They should also have excellent communication skills, as they will be working closely with clients, other lawyers, and business executives. The job prospects for corporate lawyers are generally strong, particularly at top law firms and in-house legal departments at large companies. Many of the world's leading law firms have dedicated corporate practices, and some of the most well-known names in the business world, such as Goldman Sachs, Microsoft, and Procter & Gamble, have large legal departments that employ corporate lawyers.

Are you tired of the toxic polarization in politics? A recent study from UC Berkeley found that simple bipartisan commitments to the old-fashioned ideals of American democracy may offer a way to ease this polarization and increase positive feelings among voters on all sides. The innovative research, released in the journal Nature Human Behaviour, found that both Republicans and Democrats expressed strong support for hallmark democratic practices, but support erodes when voters on one side believe their opponents are hostile to those values. If you want to learn more about how to increase people's willingness to adhere to democratic norms, check out the full article from UC Berkeley!

Cryptocurrency investors are at risk of gambling-related harms, with online gambling outlets accepting crypto wagers posing even greater threats. A new study by the University of Bristol and the University of East London highlights the lack of regulation, risk of fraud, and extreme price volatility as emerging crypto risks. The study explores the intersection of cryptocurrency investing and gambling, citing evidence that shows how crypto trading is associated with increased gambling activity and high-risk stock trading. Cryptocasinos present a double danger, allowing gamblers to bet on sophisticated online gambling products using volatile cryptocurrencies as the source of funds.

Do you have a passion for law and a knack for business? Are you interested in helping corporations navigate the legal landscape and protect their interests? Then a career in Corporate Counsel might be the perfect fit for you! As a Corporate Counsel, you will be responsible for providing legal guidance and advice to businesses on a variety of matters, including contracts, compliance, intellectual property, and more. You will work closely with executives and other stakeholders to ensure that the company is operating within the bounds of the law and that its interests are protected. One of the most appealing aspects of this career is the opportunity to work with a wide range of clients and industries. From tech startups to multinational corporations, every business needs legal guidance, and as a Corporate Counsel, you will have the chance to work with some of the biggest and most innovative companies in the world. Some of the typical duties of a Corporate Counsel might include negotiating contracts, drafting legal documents, conducting research on legal issues, and providing advice on regulatory compliance. There are also many potential areas of specialisation within the field, such as employment law, tax law, and intellectual property law. To become a Corporate Counsel, you will typically need a law degree and a license to practice law in your jurisdiction. Many Corporate Counsel also have undergraduate degrees in business or related fields, such as finance or accounting. Popular undergraduate programs and majors for those interested in this career include Business Administration, Economics, and Political Science. In addition to the required education and training, there are certain personal attributes that can be helpful in this career. Strong communication skills, attention to detail, and a strategic mindset are all important qualities for a successful Corporate Counsel. Job prospects for Corporate Counsel are generally quite strong, with many opportunities available in both the public and private sectors. Some notable potential employers include Amazon, Google, and Microsoft, as well as government agencies such as the Securities and Exchange Commission and the Department of Justice. So if you're looking for a challenging and rewarding career that combines your passion for law and business, consider a career in Corporate Counsel!

Corporate Law is the dynamic and fascinating field of law that deals with the legal aspects of businesses and corporations. It is a field that is constantly evolving and adapting to the ever-changing business world, making it an exciting and challenging area of study. One of the most interesting aspects of Corporate Law is its relevance to real-life situations. For example, when a company merges with another, Corporate Law governs the legal framework of the transaction. This can involve complex legal negotiations, drafting of agreements, and regulatory compliance. Corporate Law is also responsible for the legal aspects of corporate governance, including the roles and responsibilities of directors and officers, and the rights of shareholders. Innovative research and academic discourse in Corporate Law is constantly pushing the boundaries of what is possible. For instance, there is ongoing research into the use of blockchain technology to streamline corporate transactions and improve transparency. There are also debates around the role of corporations in society, and the extent to which they should prioritize social responsibility. At undergraduate level, students can expect to study a range of modules including Contract Law, Company Law, and Securities Regulation. Further specializations could include Mergers and Acquisitions or Intellectual Property Law. Real-life examples of Corporate Law in action include the acquisition of Instagram by Facebook, or the patent infringement litigation between Apple and Samsung. A degree in Corporate Law can open up a wide range of career opportunities, including roles in law firms, corporations, government agencies, and non-profit organizations. Notable employers include top law firms such as Skadden, Arps, Slate, Meagher & Flom, and global corporations such as Google and Goldman Sachs. To succeed in Corporate Law, students should possess strong analytical skills, attention to detail, and excellent communication skills. An interest in business and economics is also helpful, as is the ability to work well under pressure. Overall, a degree in Corporate Law is an exciting and rewarding path for students interested in the intersection of law and business.

Have you ever considered a career in the legal field but don't want to become a lawyer? If so, a career as a paralegal may be the perfect fit for you! Paralegals are essential members of a legal team, providing support to lawyers by conducting legal research, drafting legal documents, and assisting with trial preparation. They are the backbone of the legal system, working in a variety of settings such as law firms, government agencies, and corporations. One of the most appealing aspects of being a paralegal is the opportunity to work on high-profile cases that have a real impact on people's lives. For example, paralegals have played a crucial role in cases involving civil rights, environmental law, and intellectual property disputes. In addition to the exciting work, paralegals have a wide range of duties depending on their area of specialization. Some paralegals work in litigation, assisting with trial preparation, while others work in corporate law, helping with mergers and acquisitions. There are also paralegals who work in areas such as immigration law, family law, and intellectual property law. To become a paralegal, you typically need to complete an associate's degree or a certificate program in paralegal studies. However, some employers may prefer candidates with a bachelor's degree in a related field such as political science, criminal justice, or pre-law. Helpful personal attributes for a successful career as a paralegal include strong communication skills, attention to detail, and the ability to work well under pressure. The job prospects for paralegals are excellent, with a projected job growth of 12% from 2018 to 2028. Notable employers of paralegals include law firms such as Latham & Watkins, Skadden, Arps, Slate, Meagher & Flom, and Baker McKenzie, as well as government agencies such as the Department of Justice and the Environmental Protection Agency. In summary, a career as a paralegal offers a challenging and rewarding opportunity to work in the legal field without the extensive education and training required to become a lawyer. With a wide range of specializations and excellent job prospects, it's a career worth exploring!

In "The End of Alchemy," former Bank of England governor Mervyn King offers a unique perspective on the history and future of money and banking. King reveals how the creation of paper money and banks issuing credit were revolutionary and almost magical ideas that have fueled economic growth for two centuries. However, they have also produced an unending string of economic disasters. King offers bold solutions to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors. This book is a must-read for anyone interested in the mechanisms of our capitalist society. Recommended for economics students, financial professionals, and anyone interested in the history and future of money and banking. This book offers a unique perspective on how the creation of paper money and banks issuing credit have fueled economic growth for two centuries, but also produced economic disasters. King's bold solutions provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors. This book is also relevant to those interested in the broader implications of capitalism and its mechanisms on society.