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Virtual Project
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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
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EDT

Location:

Online

Type:

Other

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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

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