Show Notes
- Amazon USA Store: https://www.amazon.com/dp/B01BY58P2O?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/The-Money-Problem%3A-Rethinking-Financial-Regulation-Morgan-Ricks.html
- Apple Books: https://books.apple.com/us/audiobook/beyond-banks-technology-regulation-and-the-future-of-money/id1778079669?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=The+Money+Problem+Rethinking+Financial+Regulation+Morgan+Ricks+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- Read more: https://english.9natree.com/read/B01BY58P2O/
#shadowbanking #runnableliabilities #depositinsurance #moneycreation #financialregulation #TheMoneyProblem
The Money Problem: Rethinking Financial Regulation by Morgan Ricks is a work of financial law and policy that reexamines how modern monetary systems are organized and regulated. Rather than treating crises mainly as the result of excessive leverage, asset bubbles, or broad systemic risk, Ricks argues that the deepest vulnerability lies in the design of short-term debt and the way private institutions create money-like liabilities. The book presents a policy blueprint for making the financial system more stable by sharply restricting runnable short-term debt outside the banking system while publicly insuring such liabilities inside it. It is aimed at readers who want a structural account of financial instability and a practical alternative to the highly technical regulatory framework that followed the 2008 crisis. The result is both an argument about money creation and a proposal for simplifying financial regulation without abandoning private credit allocation.