July 5, 2022
Central bank independence faces heightened scrutiny today, with scholars and policy experts—including several in this roundtable—questioning its desirability and legitimacy. But even its critics tend to take its legality for granted.
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L. Menand, The Legality of Central Bank Independence in the United States”
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Spring 2021 - Reassessing Central Bank Independence
Current Scholarship
Katie Moore, Review of Joshua R. Greenberg, Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic
Joshua R. Greenberg’s Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic transports readers back to a time when ordinary Americans understood the rules of the monetary system because they had to.
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Katie Moore, Review of Joshua R. Greenberg, Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic”
Summer 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”
Spring 2022
Sovereign Debt Architecture, Suspended
Guest editors: Anna Gelpern and Stephen Park
Contributors: Daniel Bradlow, Aitor Erce, Kevin Gallagher, James Gathii, Rosa Lastra, Odette Lienau, Layna Mosley and Peter Rosendorff, Stephen Nelson, Ugo Panizza, Avinash Persaud, Mark Weidemaier and Mitu Gulati, Elya Zhang
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Sovereign Debt Architecture, Suspended”
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”