The Money Problem: Rethinking Financial Regulation

Morgan Ricks, Associate Professor of Law at Vanderbilt and a senior policy adviser at the US Treasury Department from 2009-10, speaks about his new book, The Money Problem: Rethinking Financial Regulation. Professor Ricks argues that financial instability is primarily a problem of monetary system design and offers a novel take on shadow banking.

A preview of the book, including the introduction, is available here.