The money problem
Subtitle: rethinking financial regulation
By: Morgan Ricks
Publisher: The University of Chicago Press
Published: 2016
Language: eng
Number of pages: 345
ISBN-13: 9780226330327
Subjects: Monetary policy; Financial crises; Informal sector (Economics); Money market; Banks and banking; Prevention
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' activity - or 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 banking.
Notes: Includes bibliographical references (pages 265-331) and index.
Table of contents: title: Introduction; title: Instability; title: Taking the money market seriously; title: Money creation and market failure; title: Banking in theory and reality; title: Panics and the macroeconomy; title: Design alternatives; title: A monetary thought experiment; title: The limits of risk constraints; title: Public support and subsidized finance; title: The public-private partnership; title: Money and sovereignty; title: A more detailed blueprint; title: Rethinking financial reform.