Dan Awrey is a professor of law at Cornell Law School, a financial markets regulation scholar, and the editor of the Journal of Financial Regulation. Dan joins David on Macro Musings to discuss how to promote greater financial innovation, financial inclusion, and alleviate the \u201ctoo big to fail\u201d problem by safely unbundling banking, money, and payments in our financial system. Dan and David also go on to discuss tensions in the global shadow banking system, the history of how banks evolved to play such a central role in our financial system, how the law has reinforced this bundling of the banks\u2019 roles, and much more.
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Transcript of the episode can be found here.
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Dan\u2019s Twitter: @DanAwrey
Dan\u2019s Cornell Law Profile: https://www.law.columbia.edu/faculty/daniel-awrey
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Related Links:
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*Unbundling Banking, Payments and Money* by Dan Awrey
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3776739
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*Brother, Can You Spare a Dollar? Designing an Effective Framework for Foreign Currency Liquidity Assistance* by Dan Awrey
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2955763
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*The Money Problem* by Morgan Ricks
https://press.uchicago.edu/ucp/books/book/chicago/M/bo22438821.html
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David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth