Podcasts Business Non-Profit Macro Musings with David Beckworth Lev Menand on the Feds Lending Facilities and the Legal Concerns Surrounding Them

Lev Menand on the Feds Lending Facilities and the Legal Concerns Surrounding Them

Published: May 18, 2020, 4:30 a.m.

Lev Menand is a legal scholar at Columbia Law School and has previously worked for the New York Fed, the US Treasury Department, and the Financial Stability Oversight Council (FSOC). Lev Joins Macro Musings to talk about his new paper, *Unappropriated Dollars: The Fed\u2019s Ad Hoc Lending Facilities and the Rules that Govern Them*. Specifically, David and Lev discuss opening up public Fed bank accounts, the importance of liquidity and credit facilities, and how Congress is using the CARES Act to skirt the Fed\u2019s current legal mandates.

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Transcript for the episode can be found here.

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Lev\u2019s Twitter: @LevMenand

Lev\u2019s Columbia Law profile: https://www.law.columbia.edu/faculty/lev-menand

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Related Links:

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Bonus segment with Lev: https://youtu.be/N9qndjjju9A

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*Unappropriated Dollars: The Fed\u2019s Ad Hoc Lending Facilities and the Rules That Govern Them* by Lev Menand

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3602740

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*FedAccounts* by Morgan Ricks, John Crawford, and Lev Menand

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3192162

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David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth