The Money Problem

Name: The Money Problem
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SKU: 9780226528120
Price: 72.99 NZD
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Rethinking Financial Regulation

By Morgan Ricks

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4.32

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Summary

The Money Problem by Morgan Ricks explores the intricacies of modern financial systems, scrutinising the causes of financial instability. Ricks delves into the fundamental issues that make monetary systems prone to crises, offering insights into how reforms could bring stability and mitigate financial chaos. Whether you're a professional in finance or simply curious about economic systems, this book presents a thought-provoking analysis.
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Format: Paperback / softback

$72⁹⁹

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The Money Problem

$72⁹⁹

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might appreciate this book if you're intrigued by the intricacies of financial systems and how money truly operates within the economy. It offers a fresh perspective on financial stability and the role of shadow banking, making it an insightful read for anyone interested in economic theory and financial regulation.

Description

Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analysed it, many central questions remain unanswered. Should money creation be considered a ‘public’ or ‘private’ activity—or both? What do we mean by, and want from, financial stability? What role should regulation play? How would we design our monetary institutions if we could start from scratch?

In The Money Problem, Morgan Ricks addresses all of these questions and more, offering a practical yet elegant blueprint for a modernised system of money and banking—one that, crucially, can be accomplished through incremental changes to the United States’ current system. He brings a critical, missing dimension to the ongoing debates over financial stability policy, arguing that the issue is primarily one of monetary system design. The Money Problem offers a way to mitigate the risk of catastrophic panic in the future, and it will expand the financial reform conversation in the United States and abroad.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

The Money Problem by Morgan Ricks offers a fresh analysis on the implications of money and shadow banking in financial crises. Critics commend Ricks for his engaging and straightforward writing style, allowing even those unfamiliar with finance to grasp complex ideas. The book is noted for its innovative proposals for reforming financial regulation, challenging existing norms and providing a unique perspective on the banking system's foundations. It has been recognized as a significant contribution to financial literature, potentially influencing discussions on financial reform and monetary policy.

Book Details

INFORMATION

ISBN: 9780226528120

Publisher: The University of Chicago Press

Format: Paperback / softback

Date Published: 06 October 2017

Country: United States

Imprint: University of Chicago Press

Audience: Professional and scholarly

DIMENSIONS

Spine width: 2.0mm

Width: 15.0mm

Height: 23.0mm

Weight: 539g

Pages: 336

Collections

Finance & Economics Finance & Investment Morgan Ricks Non-Fiction

About the Author

Morgan Ricks is associate professor at Vanderbilt Law School. Previously, he was a senior policy advisor and financial restructuring expert at the US Treasury Department, a risk-arbitrage trader at Citadel Investment Group, a vice president in the investment banking division of Merrill Lynch & Co, and a corporate takeover lawyer at Wachtell Lipton.