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Money and the Public Debt | Session 2

Reading Group

Start time:

October 31, 2023 @ 4:00 pm - 5:30 pm

Virtual Project Virtual Project
project Series Event Series (See All)

EDT

Location:

Online

Type:

Other

project Series Event Series (See All)
Virtual Project Virtual Project

YSI Presenters

Description

We have two off weeks between The Evolution of Central Banks and The Repo Market We are taking this opportunity to discuss "Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon" by Lev Menand and Joshua Younger.

https://scholarship.law.columbia.edu/faculty_scholarship/4093/

You can listen to the authors discuss their paper on a recent episode of the Macro Musings podcast.

https://www.mercatus.org/macro-musings/lev-menand-and-josh-younger-money-and-public-debt-treasury-market-liquidity-legal

This week, we wrap up discussing sections III through VI.

  • Section III: The Turn to Secondary Markets: The Rise of the Primary Dealer System
  • Section IV: The Decline and Fall of the Primary Dealer System
  • Section V: A Money View of Treasury Market Reform
  • Section VI: Conclusion

Attendees

Alex Howlett