Contributors: Katharina Pistor, James McAndrews, Saule Omarova, Mark Blyth, Jamee Moudud, Elham Saeidinezhad, Dan Awrey, Fadhel Kaboub, Leah Downey, Virginia France, Lev Menand, Nadav Orian Peer, Robert Hockett, Carolyn Sissoko, Jens van 't Klooster, Oscar Perry Abello, and Gerald Epstein
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Special Edition: Money in the Time of Coronavirus”
Category: RTSE01 – Money in the Time of Coronavirus
Spring 2020
Money in the Time of Coronavirus
S. Das, Roundtable Wrap-up
June 29, 2020
Sannoy Das, Harvard Law School
The Just Money roundtable was convened to analyze policy responses, emerging mostly from monetary authorities, to the economic dislocations that occurred or became imminent as the coronavirus crisis hit every corner of the globe.
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S. Das, Roundtable Wrap-up”
Money in the Time of Coronavirus
D. Kennedy, The Fed Should Bail Out Low-Income Tenants and Not Just Banks and Landlords
May 12, 2020
Duncan Kennedy, Harvard Law School
In the last financial crisis millions of American home owners lost their homes while low-income renters were evicted en masse.
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D. Kennedy, The Fed Should Bail Out Low-Income Tenants and Not Just Banks and Landlords”
Money in the Time of Coronavirus
G. Epstein, Human Capital Bonds and Federal Reserve Support for Public Education: The Public Education Emergency Finance Facility (PEEFF)
May 21, 2020
Gerald Epstein, University of Massachusetts Amherts
Public education - K-12 and public higher education - have been hit hard financially by the Covid-19 Crisis.
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G. Epstein, Human Capital Bonds and Federal Reserve Support for Public Education: The Public Education Emergency Finance Facility (PEEFF)”
Money in the Time of Coronavirus
O.P. Abello, Getting to Know a Brave New Fed
April 29, 2020
Oscar Perry Abello
For me, as a journalist covering the economies of cities across the United States, this journey started maybe four years ago.
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O.P. Abello, Getting to Know a Brave New Fed”
Money in the Time of Coronavirus
C. Sissoko, The Problem with Shareholder Bailouts isn’t Moral Hazard, but Undermining State Capacity
April 10, 2020
Carolyn Sissoko, University of the West of England
Coronavirus and the immense economic costs associated with repressing its growth has provoked a debate over how to distribute those costs.
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C. Sissoko, The Problem with Shareholder Bailouts isn’t Moral Hazard, but Undermining State Capacity”
Money in the Time of Coronavirus
S. Omarova, Crises, Bailouts, and the Case for a National Investment Authority
April 1, 2020
Saule T. Omarova, Cornell Law School
The COVID-19 crisis is unlike any other we’ve seen so far.
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S. Omarova, Crises, Bailouts, and the Case for a National Investment Authority”
Money in the Time of Coronavirus
J. van ‘t Klooster, Why the US Congress Gives Dollars to the Fed
March 31, 2020
Jens van ‘t Klooster, KU Leuven and University of Amsterdam
Commentators have raised various concerns over provisions in the $2 trillion US stimulus bill that assign $454
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J. van ‘t Klooster, Why the US Congress Gives Dollars to the Fed”
Money in the Time of Coronavirus
C. Sissoko, A Fire Sale in the US Treasury Market: What the Coronavirus Crisis Teaches us About the Fundamental Instability of our Current Financial Structure
March 27, 2020
Carolyn Sissoko, University of the West of England
A recurring theme in the papers that I have written is that asset price instability is endemic in a system of collateralized lending based on repurchase agreements
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C. Sissoko, A Fire Sale in the US Treasury Market: What the Coronavirus Crisis Teaches us About the Fundamental Instability of our Current Financial Structure”
Money in the Time of Coronavirus
R. Hockett, The Democratic Digital Dollar: A ‘Treasury Direct’ Option
March 25, 2020
Robert Hockett, Cornell Law School
On March 23rd House Democrats did something I and many others have been advocating for some time
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R. Hockett, The Democratic Digital Dollar: A ‘Treasury Direct’ Option”
Money in the Time of Coronavirus
J. McAndrews, Derivative Failures
March 22, 2020
James McAndrews, TNB USA Inc. and Wharton Financial Institutions Center
One failure makes many, wrote Bagehot,
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J. McAndrews, Derivative Failures”
Money in the Time of Coronavirus
K. Pistor, The Case for Free Money (a real Libra)
March 20, 2020
Katharina Pistor, Columbia Law School
Our money system revolves around debt.
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K. Pistor, The Case for Free Money (a real Libra)”
Money in the Time of Coronavirus
L. Downey, The Monetary/Fiscal Divide is Still Getting in Our Way
March 19, 2020
Leah Downey, Edmond J. Safra Center for Ethics at Harvard University
In the wake of the Great Financial Crisis (GFC) the Federal Reserve got creative. The Fed employed
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L. Downey, The Monetary/Fiscal Divide is Still Getting in Our Way”
Money in the Time of Coronavirus
E. Saeidinezhad, Is the Monetary System as Systemic and International as the Coronavirus?
March 18, 2020
Elham Saeidinezhad, Department of Economics at UCLA
The coronavirus crisis has sparked different policy responses from different countries. The common thread
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E. Saeidinezhad, Is the Monetary System as Systemic and International as the Coronavirus?”
Money in the Time of Coronavirus
D. Awrey, Here We Go Again? Not Really
March 17, 2020
Dan Awrey, Cornell Law School
The global pandemic unleashed by the coronavirus has inadvertently shone a spotlight on the design of some of our most important monetary institutions.
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D. Awrey, Here We Go Again? Not Really”
Money in the Time of Coronavirus
N. Orian Peer, Repo in the Time of Corona
March 16, 2020
Nadav Orian Peer, Colorado Law
“It was inevitable: the scent of bitter [money markets] always reminded him of the fate of unrequited [convergence trades].”
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N. Orian Peer, Repo in the Time of Corona”
Money in the Time of Coronavirus
J. K. Moudud, Beyond Pathogenic Politics
March 16, 2020
Jamee K. Moudud, Professor of Economics, Sarah Lawrence College, and Board Member, Association for the Promotion of Political Economy and the Law (APPEAL)
In considering the recent stock market crash the casual observer cannot help but be struck by the way
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J. K. Moudud, Beyond Pathogenic Politics”
Money in the Time of Coronavirus
J. McAndrews, Economic and Financial Responses to the Coronavirus
March 15, 2020
James, McAndrews, TNB USA Inc. and Wharton Financial Institutions Center
What principles should guide our government’s responses to the economic fallout of the Covid-19 pandemic?
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J. McAndrews, Economic and Financial Responses to the Coronavirus”