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Current Scholarship
New York Times Podcast: A Radical Way of Thinking About Money with Morgan Ricks

We discuss what lessons banking regulators missed from the Great Recession; the need to panic-proof the entire financial system; the government’s role in insuring or backstopping deposits; what it would mean for the government to start treating money as a public good for us all; and more.
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New York Times Podcast: A Radical Way of Thinking About Money with Morgan Ricks”

Call for Papers
Money as a Democratic Medium 2.0

We are delighted to announce Money as a Democratic Medium 2.0. The Conference will be held at two sites in order to maximize participation while minimizing carbon impacts: Cambridge, MA (Harvard Law School, June 15-17, 2023) and Hamburg, Germany (the Hamburg Institute for Social Research and THE NEW INSTITUTE,  June 15-16, 2023).  The Conference is open to all students of money, credit, and finance, the monetary system, and the modern economy, including members of the public. We will offer robust online access and we encourage distant participants to join us virtually. 
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Money as a Democratic Medium 2.0”

Current Scholarship
Financial dominance: why the ‘market maker of last resort’ is a bad idea and what to do about it

Carolyn Sissoko, University of the West of England

This paper sets forth a framework modeling the traditional ‘banking approach’ to central bank liquidity provision and advocates a return to it. These reforms must be accompanied by a clear policy that in the event that any bank requires re-capitalization by the government, existing shareholder interests will be wiped out, and ownership will be transferred to the government.
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Financial dominance: why the ‘market maker of last resort’ is a bad idea and what to do about it”

Current Scholarship
The power of folk ideas in economic policy and the central bank–commercial bank analogy

Sebastian Diessner, Leiden University, The Hague, Netherlands

This article argues that policy-makers’ non-expert or ‘folk’ ideas can affect policy outcomes in a way that challenges the assumption of economic policy-making being guided by expert ideas emanating from the realm of economics and other sciences.
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The power of folk ideas in economic policy and the central bank–commercial bank analogy”

Fall 2022
Money, Sanctions and International Law

Contributors:  Rawi Abdelal/Alexandra Vacroux, Charlotte Beaucillon, Ben Coates, Anna Gelpern, David Singh Grewal, Daniel Nielson, Stephen Park/Suzanne Katzenstein, Adam Tooze.

This roundtable deals with questions about the system of international monetary production, international law, and politics that have come into sharp relief in the context of economic sanctions issued against Russia.
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Money, Sanctions and International Law”