Author granted license

Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International

Document Type


Publication Date

Spring 1998




Duke University School of Law




Cross-border securitization is a particularly useful subject for examining legal change, especially in a state environment. Actors in securitization have an enormous degree of freedom to choose their theater of operations in an overall changing legal environment. Their "raw material" is capital-a highly transferable commodity-and their theater of operations is the globe. Yet they need predictable rules and standards in order to operate efficiently. The actors can usually utilize existing legal forms and apply them to any one of the discrete components of securitization without necessarily affecting the entire law applicable to the other components in the process: Therefore, the evolution of securitization law may help provide insight into legal change in similar areas.

Link to Publisher Site (BU Community Subscription)



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.