"If you have a rule too rigid in a crisis, there is a risk that it could be interpreted in a way that's not credible. Or it could be changed. Both undermine the value of a rule." - #GeorgetownLaw Professor Sean Hagan speaking at #LawMacro conference.
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"At the same time, if it's too open-ended, it's effectively the equivalent of not having any rule." These are the considerations that were made by IMF. "We tried to create a rule that was somewhere in the middle." -
#GeorgetownLaw's Sean Hagan speaking at#LawMacro conference.Show this thread
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