Morgan Ricks is Professor of Law at Vanderbilt University Law School. He studies financial regulation. From 2009-10, he was a senior policy advisor and financial restructuring expert at the U.S. Treasury Department, where he focused primarily…
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Morgan Ricks, Co-Editor”
Category: Morgan Ricks
Just Money Profiles
Announcement
New Casebook by Morgan Ricks, Ganesh Sitaraman, Shelley Welton, and Lev Menand
Networks, Platforms, and Utilities: Law and Policy
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New Casebook by Morgan Ricks, Ganesh Sitaraman, Shelley Welton, and Lev Menand”
Summer 2020
Public Money: Digital Dollars? Fed Acccounts? Postal Banking?
Contributors: John Crawford, Morgan Ricks, Lev Menand, Aaron Klein, Robert Hockett, Abbye Atkinson, Leonidas Zelmanovitz, Bruno Meyerhof Salama, Sheila Bair, James McAndrews, Yesha Yadav, Sarah Bloom Raskin, Mehrsa Baradaran, Christopher Giancarlo, Saule T. Omarova, and Nakita Q. Cuttino.
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Public Money: Digital Dollars? Fed Acccounts? Postal Banking?”
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
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M. Ricks, J. Crawford, L. Menand, FedAccounts: Digital Dollars”
Policy Spotlight
Lacewell v. OCC
Author: Lev Menand & Morgan Ricks
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Lacewell v. OCC”
Winter 2020
Banking: Intermediation or Money Creation
Contributors: Morgan Ricks, Marc Lavoie, Robert Hockett, Saule Omarova, Michael Kumhof, Zoltan Jakab, Paul Tucker, Charles Kahn, Daniel Tarullo, Stephen Marglin, Howell Jackson and Christine Desan, Sannoy Das
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Banking: Intermediation or Money Creation”
Banking: Intermediation or Money Creation
M. Ricks, What’s at Stake in Debates over Bank Money Creation Mechanics?
January 23, 2020
Morgan Ricks, Vanderbilt University
“[T]he familiar controversy as to how and by whom bank-deposits are ‘created’ is a somewhat unreal one.” So wrote John Maynard Keynes near the start of his 1930 Treatise on Money.[i] Keynes asked whether deposit balances can be created “actively” by banks or only passively by depositors “on their own initiative.” He thought it was obvious that banks can create deposit balances actively, albeit only within practical limits. Keynes acknowledged that active deposit creation—i.e., crediting deposit accounts in the process of lending or investing—tends to “diminish the reserves” of the bank as newly created balances are “paid away to the customers of other banks.”
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M. Ricks, What’s at Stake in Debates over Bank Money Creation Mechanics?”
Podcast
MDM 2018 Plenary Session: The Public Option and The Narrow Bank (TNB)
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MDM 2018 Plenary Session: The Public Option and The Narrow Bank (TNB)”