WILLIAM A. LOVETT is Joseph Merrick Jones Professor of Law and Economics, and Director, International Law, Trade, and Finance Program, Tulane Law School, New Orleans, Louisiana./e Formerly an economist with the Federal Trade Commission and a trial attorney at the U.S. Department of Justice. He is author of Inflation and Politics: Fiscal, Monetary, and Wage-Price Discipline (1982), World Trade Rivalry (1987) and Banking and Financial Institutions Law (1984, 1988, 1992, 1996 {forthcoming}). Dr. Lovett has also taught or lectured in Canada, U.K., Ireland, France, Germany, Italy, Greece, Norway, Sweden, Finland, Japan, China, Taiwan, S. Korea, Thailand, Singapore, and the Philippines.