Money and (Shadow) Banking: A Thought Experiment

18 Pages Posted: 7 Apr 2013

See all articles by Morgan Ricks

Morgan Ricks

Vanderbilt University - Law School

Date Written: April 1, 2012

Abstract

This paper approaches the shadow banking problem from a monetary point of view. It does so by means of a simple thought experiment. The aim is to strip away the inessentials so as to reveal some of the basic legal-institutional design considerations that attend the establishment and management of a monetary system. It is the author's experience that underlying assumptions in this area are surprisingly divergent and, at any rate, are seldom made explicit in the shadow banking literature. If this paper merely assists in surfacing some otherwise unstated assumptions, it will have served its purpose.

Suggested Citation

Ricks, Morgan, Money and (Shadow) Banking: A Thought Experiment (April 1, 2012). Review of Banking and Financial Law, Vol. 31, 2011-2012. Available at SSRN: https://ssrn.com/abstract=2245685

Morgan Ricks (Contact Author)

Vanderbilt University - Law School ( email )

131 21st Avenue South
Nashville, TN 37203-1181
United States

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