num_pages: 336
description: Years have passed since the world experienced one of the worst financial crises in history and while countless experts have analyzed it many central questions remain unanswered. Should money creation be considered a public or private activityor both? What do we mean by and want from financial stability? What role should regulation play? How would we design our monetary institutions if we could start from scratch? In The Money Problem  Morgan Ricks addresses all of these questions and more offering a practical yet elegant blueprint for a modernized system of money and bankingone that crucially can be accomplished through incremental changes to the United States current system. He brings a critical missing dimension to the ongoing debates over financial stability policy arguing that the issue is primarily one of monetary system design. The Money Problem offers a way to mitigate the risk of catastrophic panic in the future and it will expand the financial reform conversation in the United States and abroad.
language: English
title: The Money Problem: Rethinking Financial Regulation
publisher: University of Chicago Press