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The Money Problem – Rethinking Financial Regulation - Chicago Scholarship Online
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The Money Problem: Rethinking Financial Regulation

Morgan Ricks


This book brings a missing and critical dimension to the ongoing debates over financial stability policy. Its core argument is that the problem of financial instability is mostly a problem of monetary system design. This argument departs sharply from today’s prevailing view, in which financial instability is generally seen to be an inherent feature of financial capitalism. The book offers a concrete and workable blueprint for a modernized system of money and banking. The proposal is not radical; on the contrary, it is fairly conservative. It could be accomplished through a series of incrementa ... More

Keywords: financial instability, financial regulation, banking, shadow banking, money, monetary system, financial reform, financial crises, panics

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780226330327
Published to Chicago Scholarship Online: September 2016 DOI:10.7208/chicago/9780226330464.001.0001


Affiliations are at time of print publication.

Morgan Ricks, author
Vanderbilt Law School