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Money View Reading Group

Money View Reading Group

Start time:

January 30 @ 12:00 pm - 1:30 pm

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

EST

Location:

Online

Type:

Reading group

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

Description

The Money View Reading Group reads and discusses writings (mostly books) on money, banking, and finance. We are a self-directed group. Anyone interested in money and banking can read the readings, join us for discussions, or suggest future readings.

We usually meet via Zoom every other Tuesday at 12 pm Eastern Time US (New York).

Current Reading

The Rise of Central Banks: State Power in Financial Capitalism by Leon Wansleben (2023).

https://www.amazon.com/Rise-Central-Banks-Financial-Capitalism/dp/0674270517/

From the description:

While central banks have gained remarkable influence over the past fifty years, promising more stability, global finance has gone from crisis to crisis. How do we explain this development? Drawing on original sources ignored in previous research, The Rise of Central Banks offers a groundbreaking account of the origins and consequences of central banks’ increasing clout over economic policy.

Upcoming Sessions

2024-04-23 — 12:00pm EDT

We discuss chapters 4–6 and the conclusion to Leon Wansleben’s The Rise of Central Banks: State Power in Financial Capitalism.

Chapter 4: Money Markets as Infrastructures of Global Finance and Central Banks Chapter 5: The Organization of Ignorance: How Central Bankers Abandoned Regulation Chapter 6: Plumbing Financialization in Vain: Central Banking after 2008 Conclusion

2024-04-30 — 12:00pm EDT

During this off week, we read a chapter from the April 2024 Global Financial Stability Report: “Chapter 2: The Rise and Risks of Private Credit.”

https://www.imf.org/-/media/Files/Publications/GFSR/2024/April/English/ch2.ashx

Chapter 2 assesses vulnerabilities and potential risks to financial stability in private credit, a rapidly growing asset class—traditionally focused on providing loans to mid-sized firms outside the realms of either commercial banks or public debt markets—that now rivals other major credit markets in size.

2024-05-07 — 2:30pm EDT

Leon Wansleben joins us to discuss his 2023 book The Rise of Central Banks: State Power in Financial Capitalism.

Future Suggested Readings

  • The Money Illusion by Scott Sumner (2021)
  • An Engine, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie (2007)
  • Capitalizing on Crisis: The Political Origins of the Rise of Finance by Greta Krippner (2011)
  • The Wheels of Commerce by Fernand Braudel (selected chapters) (1979/1982)
  • Introduction to Central Banking by Ulrich Bindseil and Alessio Fota (2021)
  • The Arena of International Finance by Charles Coombs (1976)
  • Central Banking Before 1800: A Rehabilitation by Ulrich Bindseil (2019)
  • The Chairman: John J. McCloy & The Making of the American Establishment by Kai Bird (1992)

Past Readings with Discussion Recordings

“Off-Week” Sessions

2023-04-05 Discussion of Silicon Valley Bank
2023-04-19 Institutional Cash Pools by Zoltan Pozsar (2011)
2023-05-03 BIS Bulletin #73: Stablecoins vs. Tokenized Deposits (May 3, 2023)
2023-07-05 The Credit–Money Hierarchy: a Republican , Egalitarian Appraisal by Aaron James (2023)
2023-07-26 Public Purpose Finance: The Government’s Role as Lender by Nadav Orian Peer (2020)
2023-10-24 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 1
2023-10-31 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 2
2023-11-14 ICMA Repo FAQ by Richard Comotto (2013/2019)
2023-11-28 Basis Trades and Treasury Market Illiquidity by Daniel Barth & Jay Kahn (2020)
2024-01-23 Capital flows and the current account by Borio and Disyatat (2015)
2024-02-13 The dual currency system of Renaissance Europe by Luca Fantacci (2008)
2024-02-27 BIS: Buy now, pay later: a cross-country analysis by Cornelli et al. (2023)
2024-03-12 The non-use of money in the Middle Ages by Bell, Brooks, and Moore (2017)
2024-04-09 The Central Role of Credit Crunches in Recent Financial History by Albert M. Wojnilower (1980)
2023-04-16 Measuring Equilibrium in the Balance of Payments by Charles P. Kindleberger (1969)

Hosted by Working Group(s):

Attendees

Nitul Nitul

Alex Howlett

anne loescher

Timothy Ogenyi

Isabelle Cook

Víctor Pérez-Sánchez

Oluwafemi Awopegba

Shahin Behdarvand

Ryan Payne

Claudio Ferri

Sam Connell