Рикс, Морган Проблема денег: переосмысление финансового регулирования

The Money Problem: Rethinking Financial Regulation

Opis:

Review

"The Money Problem is a fresh and insightful analysis of how money and shadow banking are implicated in financial crises and what to do about it. Ricks is intellectually fearless and takes nothing for granted."-- "Darrell Duffie, Stanford University"

"The Money Problem is a terrific book packed with extremely interesting ideas about the foundation of banking and monetary institutions and how their regulation might be reconceptualized. Writing with a clear, direct, and accessible style, Ricks deftly navigates through the often complex terrain and offers an intriguing alternative to current approaches. The Money Problem is due significant attention from legal scholars, economists, and financial experts; it will reshape key discussions on financial regulation for years to come."-- "David A. Skeel, Jr., University of Pennsylvania Law School"

"The Money Problem is in my opinion indispensable in understanding the current debates around financial reform, and is a must-read for anyone seriously interested in money and banking. This book is especially timely given the long-running argument this past year between Bernie Sanders and Hillary Clinton over how to move beyond Dodd-Frank in regulating the financial system. Ricks provides the concepts needed to resolve that and a number other live debates surrounding financial regulation and monetary policy."-- "Joseph Lawler, economics reporter for the Washington Examiner"

"The Money Problem is one of the best financial books of last decade or long. Policy makers should pay attention to Morgan Ricks."-- "Bob Litan, author of What Should Banks Do?"

"The Money Problem, by Morgan Ricks, of Vanderbilt Law School, contains another set of proposals that deserve attention. By emphasizing the ways in which legislative charter value can rein in on bankers' appetite for risk, it takes the opposite tack from the emphasis on higher capital requirements that has occupied most of regulators' and legislators' attention until recently."-- "Economic Principals"

"A provocative new book. The Money Problem provides a beacon of light amid the morass of complexity that has come to plague financial institutions, financial markets, and efforts to regulate both."-- "Harvard Law Review"

"Explores how the fragility of the short-term funding markets affects financial-stability policy and how shadow banking functions as a problem of monetary-system design. Presents a blueprint for the modernization of the current monetary architecture. Discusses taking the money market seriously; money creation and market failure; banking in theory and reality; panics and the macroeconomy; a monetary thought experiment; the limits of risk constraints; public support and subsidized finance; the public-private partnership; a more detailed blueprint; and financial reform revisited."-- "Journal of Economic Literature"

"Highly recommended."-- "Choice"

"In his superb new book, The Money Problem, Ricks meticulously and persuasively argues that financial stability and money creation are two sides of the same coin. Understanding this relationship yields an immensely important policy payoff. By controlling and guaranteeing what counts as money, the government can solve the problem of financial panics, with all their untoward consequences. Ricks proposes several simple reforms to achieve this result. His proposal may seem radical, but he makes a compelling case that it is both feasible and desirable."-- "Vanderbilt Law Review"

"Ricks has written a fascinating and challenging book that is broadly accessible yet anchored in a deep conceptual understanding of the economics of financial markets, money, and banking. He makes clear that the fundamental fragilities that drive financial crises are similar across episodes, even as the institutional specifics can vary widely. Whether or not you agree with his policy prescriptions, you will come away with a better understanding of the essence of the problem that financial regulation seeks to

Okładka: Paperback

Liczba stron:360

Autor:Ricks, Morgan

Język: English: Published; English: Original Language; English

Data wydania: 2017-10-06

Waga: 1.08 gram

Wysokość: 0.7 cm

Szerokość: 6 cm

Długość: 8.9 cm

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