WebRicks’ argument is that the short-term instruments issued and traded by financial firms in the run-up to the crisis looked, smelled, acted like, and performed the same economic function as money (Ricks labels all such instruments “money claims.”), and the institutions that issued them were susceptible to runs in exactly the same way that banks used to be … Web24 mrt. 2024 · Morgan Ricks is a law professor at Vanderbilt University who thinks those measures often miss the mark in addressing the problems baked into our banking …
Morgan Ricks on “The Money Problem,” Financial Regulation, and …
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Macroprudential versus monetary blueprints for financial reform
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