Lev Menand is a lecturer in law and academic fellow at Columbia Law School. Lev’s research focuses on banking law and financial regulation, central banking, money and monetary administration, the law of regulated industries, legal theory, and the history of economic thought. During the Obama administration, Lev served as senior advisor to the Deputy Secretary of the Treasury and senior advisor to the Assistant Secretary of the Treasury for Financial Institutions. He has also worked as an economist at the Federal Reserve Bank of New York in both the Bank’s Supervision Group and in its Research and Statistics Group, where he helped to develop econometric models for the Federal Reserve System’s first Comprehensive Capital Assessment and Review. During his time at the New York Fed, Lev was seconded to the Financial Stability Oversight Council, where he helped to prepare the Council’s first financial stability report. Lev has a B.A. from Harvard College and a J.D. from Yale Law School. He clerked for Judge Jed S. Rakoff on the Southern District of New York and Chief Judge Robert A. Katzmann on the U.S. Court of Appeals for the Second Circuit.
Category: Lev Menand
Roundtable: Public Money
M. Ricks, J. Crawford, L. Menand, FedAccounts: Digital Dollars
August 10, 2020
Morgan Ricks, Vanderbilt University John Crawford, University of California Hastings College of the Law Lev Menand, Columbia Law School
In 1989 the Board of Governors of the Federal Reserve System came out against the “basic banking” legislation that Congress
Policy Spotlight
Lacewell v. OCC
Author: Lev Menand & Morgan Ricks
Spring 2020
Virtual Currencies and the State
Contributors: Bill Maurer, Lev Menand, Lana Swartz, J.S. Nelson, Benjamin Geva, Hilary Allen, David Golumbia, Finn Brunton, Gili Vidan, Marcelo De Castro Cunha Filho, Susan Silbey, John Haskell, Nathan Tankus, Katharina Pistor, and Joseph Sommer
Current Scholarship
The Monetary Basis of Bank Supervision
Author: Lev Menand
Administrative agencies typically operate at arm’s length from the institutions they regulate, making rules and then enforcing them after the fact.
Virtual Currencies and the State
L. Menand, Regulate Virtual Currencies as Currency
February 14, 2020
Lev Menand, Columbia Law School
Eleven years ago an unknown person—or group of people—going by the name Satoshi Nakamoto launched Bitcoin