Felix Chang

Robert J. Watkins/Procter & Gamble Prof of Law and Director of Law, Finance & Governance Program @OSU_Law. Interested in markets, inheritance, and inequality.

[Felix Chang @changlawprof]

We're hiring at @OSU_Law! We're looking in contracts, IP, business law, and constitutional law. Hope you'll consider applying. https://t.co/sjotTt4tAD

[SSRN @SSRN]

The #Chinese Cross-Border Interbank Payment System (CIPS) has been viewed as a move to dethrone the #US dollar. Will the emergence of CIPS guarantee widespread acceptance of the #renminbi?

Find the Answer: https://t.co/Bau6r4kVBW
Subscribe: https://t.co/2qRLeJZrep

#antitrustlaw

[Ethnic and Racial Studies @ERSjournal]

@tandfhss @changlawprof and @slavprofsrc provide a historically and geographically contextualized study of how global racial processes emerge in locally distinct yet interconnected ways.

You can read @AnthroBalkans's review here: https://t.co/LRBIJcHoAC

[Felix Chang @changlawprof]

While @FTC decides how to proceed with Kroger-Albertsons, here is a @YaleJREG blog arguing against the acquisition. Hate to root against a Cincinnati company, but I don’t think the deal is good for workers or consumers. https://t.co/Yn8M5hJGUj

[SMU Centre for Digital Law @SgSMUCDL]

In today's Antitrust Remedies for Platform Monopolies seminar organised by CAIDG and supported by @AllenGledhill, we were privileged to have @changlawprof from @UCincinnatiLaw lead an illuminating discussion on the recent US antitrust interventions targeting platform monopolies.

[Vanderbilt Law Review @VandLRev]

Our Spring issues are online now!

Congratulations to our incredible authors @EskridgeBill @SBenzell @changlawprof Jim Rossi @jbruhl Christopher Havasy, Brian Richardson @xwang1987 @DanielJHemel @merrittm Katherine E. Di Lucido, Nicholas K. Tabor & Jeffery Y. Zhang

[Felix Chang @changlawprof]

@gdp1985 Thank you so much!

[Felix Chang @changlawprof]

@daniel_mcdowell Thank you, Dan!

[Felix Chang @changlawprof]

Thanks to @daniel_mcdowell, @nicolas_veron, @ew_jin, @DanAwrey, @ErikHovenkamp, @JFinReg, @PIIE, and others not on Twitter for comments

[Felix Chang @changlawprof]

China has been on a tear building infrastructures, but how good is it at building a financial market infrastructure? In Clearing the Way to Renminbi Dominance, I compare China’s Cross-Border Interbank Payment System to other FMIs. https://t.co/GAKffmXHE9

[Felix Chang @changlawprof]

CIPS is a natural monopoly in cross-border RMB settlement, but its network effects are constrained by a uniform direct participant roster. Still, China’s market-making activities in RMB payments (e.g., through BRI) is bringing more—and diverse—players into the RMB fold.

[Felix Chang @changlawprof]

For now, I still think it’s hard for China to leverage CIPS’s dominance in RMB settlement into dominance in an adjacent market where all int’l currencies compete

[Felix Chang @changlawprof]

@MatthewErie @PashaHsieh @ProfLiuSida @RamsiWoodcock Thank you, Matthew!

[Felix Chang @changlawprof]

In a new article, “Intestacy and Inequality under China’s Revised Succession Law,” forthcoming in American Journal of Comparative Law, Lusina Ho @hkulaw and I look at how Chinese intestacy laws affect wealth inequality. https://t.co/dtIzivTkIQ

[Felix Chang @changlawprof]

@MatthewErie @PashaHsieh @ProfLiuSida @RamsiWoodcock An abstract is up on SSRN. DM me if you’d like a copy

[Felix Chang @changlawprof]

Grateful for the comments of @MatthewErie, @PashaHsieh, @ProfLiuSida, @RamsiWoodcock, and others not on Twitter

[ProMarket @ProMarket_org]

.@SBenzell (@ChapmanArgyros) and @changlawprof (@OSU_Law, @UCincinnatiLaw) find that interventions such as taxes, mandated interoperability, and user rebates would be more socially beneficial than breakups of digital platforms https://t.co/10AwJbHWrg

[Felix Chang @changlawprof]

@ew_jin @daniel_mcdowell @gdp1985 @Brad_Setser As CIPS’s participants list grows, I’m watching if it diversifies. CHIPS by contrast only has 43 participants, but they’re diverse. Diversity suggests economies of scope, which CIPS doesn’t yet have. Once it does, RMB settlement will make economic (rather than political) sense.

[Felix Chang @changlawprof]

@ew_jin @daniel_mcdowell @gdp1985 @Brad_Setser Thanks for bringing me in, Dan. Emily’s explanation makes sense. Maybe CIPS hasn’t updated the direct participant list to include BOCOM-BBM.