Download this Paper Open PDF in Browser

The Magic of Money and Banking

HARRY POTTER AND THE LAW, Jeffrey E. Thomas, Franklin D. Snyder, eds., Carolina Academic Press, 2010

24 Pages Posted: 20 Sep 2010 Last revised: 21 Jul 2015

Eric J. Gouvin

Western New England University School of Law

Date Written: 2010

Abstract

Creating money out of thin air is one of the few truly magical things Muggles are capable of, which makes it odd that J.K. Rowling did not include a more thoughtful discussion of banking in her Harry Potter books. Indeed, the banking system in the wizarding world seems quite rudimentary -- more like the safe deposit business than true banking. Nevertheless, Muggle bankers and magical bankers face similar problems relating to security and money laundering and they have developed regulatory strategies to deal with those problems.

Keywords: Money, Magic

JEL Classification: K20

Suggested Citation

Gouvin, Eric J., The Magic of Money and Banking (2010). HARRY POTTER AND THE LAW, Jeffrey E. Thomas, Franklin D. Snyder, eds., Carolina Academic Press, 2010. Available at SSRN: https://ssrn.com/abstract=1678685

Eric Joseph Gouvin (Contact Author)

Western New England University School of Law ( email )

1215 Wilbraham Road
Springfield, MA 01119
United States
(413) 796-2031 (Phone)
(413) 796-2038 (Fax)

HOME PAGE: http://www1.wne.edu/law/about/deans-bio.cfm

Paper statistics

Downloads
17
Abstract Views
524