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
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Money, Sanctions and International Law”
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Fall 2022
Fall 2022 - Money, Sanctions and International Law
Are the West’s Sanctions on Russia Working?
Rawi Abdelal and Alexandra Vacroux, Harvard University
The question of whether sanctions on Russia in response to the war in Ukraine are “working” is vastly more complicated than has been acknowledged.
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Are the West’s Sanctions on Russia Working?”
Current Scholarship
Solvency as a Fundamental Constraint on LOLR Policy for Independent Central Banks: Principles, History, Law
Sir Paul M. W. Tucker
This paper follows up earlier work advocating a principled modernization of doctrines for central bank lender-of-last-resort policies and operations.
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Solvency as a Fundamental Constraint on LOLR Policy for Independent Central Banks: Principles, History, Law”
Emerging Scholarship
Predicting the Future: A Byte of Digital Currency
Leslie Liu
In this paper, I argue that central bank digital currencies (CBDCs) embody great promise in becoming a widespread unit of account.
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Predicting the Future: A Byte of Digital Currency”
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”
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”
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
Economics and Dishonesty
Prabhat Patnaik, Jawaharlal Nehru University, New Delhi
Economics is a subject where the ruling classes are forever trying to promote ideologically-motivated explanations in lieu of scientific ones.
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Economics and Dishonesty”
Current Scholarship
Special Issue from Journal of Cultural Economy: FinTech in Africa
Paul Langley, Durham University, and Daivi Rodima-Taylor, Boston University
By re-centering global social science research agendas and political debates on Africa, this special issue hopes to inspire further work and future political engagement with FinTech which doesn’t begin, by default, from developments and experiences in the Global West and East.
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Special Issue from Journal of Cultural Economy: FinTech in Africa”