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DTSTART;TZID=America/New_York:20260901T140000
DTEND;TZID=America/New_York:20260901T153000
DTSTAMP:20260405T074029
CREATED:20231212T030110Z
LAST-MODIFIED:20260316T063624Z
UID:10008199-1788271200-1788276600@heske.wisdmlabs.net
SUMMARY:Money View Reading Group
DESCRIPTION:The Money View Reading Group reads and discusses writings 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 meet for 90 minutes via Zoom on Tuesdays at 2 pm Eastern Time US (New York).\n\nCurrent Book\n  \n\n\nBetween Payments and Credit: An Introduction to the IOU Economy by George Pantelopoulos (2025)\n  \n\nhttps://www.amazon.com/Between-Payments-Credit-Introduction-Economy-ebook/dp/B0FF3RR3T4/ \nFrom the description: \nIn unpacking credit relationships and payments over the past 1000 years in addition to how technological innovations are shifting the credit relationships/payments landscape – from barter\, commodity money\, single layered to dual-layered financial money systems and from CBDC to stablecoins – this book systematically explores the various techniques that have been introduced in an attempt to improve the organisation\, efficiency and stability of the IOU economy as a way to mitigate or prevent the universal challenge of the IOU economy from binding. \nPantelopolous says the “universal challenge” of an IOU economy is the scenario in which liquidity dries up. \n\n2026-03-10 — Discussion Session 1 (Ch 1–5) (Recording)\n\n\nUpcoming Sessions\n  \n\n\n2026-03-24 — 2:00pm EDT\n  \n\nWe discuss Chapters 6–10 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCorrespondent Banking: Part 1\n\n\n\n\nCorrespondent Banking: Part 2\n\n\n\n\nThe Central Bank as the LOLR\n\n\n\n\nThe International Monetary System: Part 1\n\n\n\n\nThe International Monetary System: Part 2\n\n\n\n\n2026-04-07 — 2:00pm EDT\n  \n\nWe discuss Chapters 11–13 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCentral Bank Digital Currencies (CBDC)\n\n\n\n\nThe Crypto-Verse: Terminologies and Technologies\n\n\n\n\nUnbacked Crypto-Assets and Stablecoins\n\n\n\n\nFuture Suggested Readings\n  \n\n\nAgainst Money by J.W. Mason and Arjun Jayadev (2026)\nOur Money: Monetary Policy as if Democracy Matters by Leah Downey (2025)\nThe History of Money: A Story of Humanity by David McWilliams (2025)\nAfter the Accord: A History of Federal Reserve Open Market Operations\, the US Government Securities Market\, and Treasury Debt Management from 1951 to 1979 by Kenneth D. Garbade (2021)\nHow a Ledger Became a Central Bank: A Monetary History of the Bank of Amsterdam by Quinn and Roberds (2023)\nA Study of Money Flows in the United States by Morris Copeland (1952)\nA History of the Greenbacks by Wesley Clair Mitchell (1903)\nCalming the Storms: The Carry Trade\, the Banking School and British Financial Crises Since 1825 by Charles Read (2023)\nBenjamin Strong: Central Banker by Lester V. Chandler (1958)\nAn Engine\, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie (2007)\nCurrency and Credit (4e) by Ralph Hawtrey (1950)\nThe Golden Age of the Quantity Theory by David Laidler (1991)\nCapitalizing on Crisis: The Political Origins of the Rise of Finance by Greta Krippner (2011)\nThe Federal Reserve System by Paul Warburg (1930)\nCentral Bank Capitalism: Monetary Policy in Times of Crisis by Joscha Wullweber (2024)\nIntroduction to Central Banking by Ulrich Bindseil and Alessio Fota (2021)\nThe Chairman: John J. McCloy & The Making of the American Establishment by Kai Bird (1992)\nManias\, Panics\, and Crashes (8e) by Robert McCauley (2023)\nThe Bailout State: Why Governments Rescue Banks\, Not People by Martijn Konings (2025)\n\n\nPast Readings with Discussion Recordings\n  \n\n\nMinsky by Daniel H. Neilson (2019)\n2021-03-24 — Discussion Session 1\n2021-03-31 — Discussion Session 2\n2021-04-07 — Discussion with Daniel Neilson\nThe Art of Central Banking (Chapter IV) by Ralph Hawtrey (1933)\n2021-04-21 — Discussion Session 1\n2021-05-05 — Discussion Session 2\n2021-05-26 — Discussion with David Glasner\nMaking Money: Coin\, Currency\, and the Coming of Capitalism by Christine Desan (2014)\n2021-06-02 — Discussion Session 1\n2021-06-16 — Discussion Session 2\n2021-06-30 — Discussion Session 3\n2021-07-14 — Discussion with Christine Desan\nMoney in a Theory of Finance by John G. Gurley\, Edward S. Shaw (1960)\n2021-07-21 — Discussion Session 1\n2021-08-04 — Discussion Session 2\n2021-08-18 — Discussion Session 3\nThe World in Depression\, 1929-1939 by Charles P. Kindleberger (1973)\n2021-09-01 — Discussion Session 1\n2021-09-15 — Discussion Session 2\n2021-09-29 — Discussion Session 3\nThe Rise of Carry by Jamie Lee et al (2019)\n2021-10-13 — Discussion Session 1\n2021-10-27 — Discussion Session 2\nThe Money Interest and the Public Interest by Perry Mehrling (1998)\n2021-11-10 — Discussion Session 1 | Allyn Young\n2021-11-24 — Discussion Session 2 | Alvin Hanson\n2021-12-08 — Discussion Session 3 | Edward Shaw\nControlling Credit by Eric Monnet (2018)\n2022-01-05 — Discussion Session 1\n2022-01-19 — Discussion Session 2\nThe Menace of Fiscal QE by George Selgin (2020)\n2022-02-02 — Discussion Session\nThe New Lombard Street by Perry Mehrling (2011)\n2022-02-23 — Discussion Session 1\n2022-03-09 — Discussion Session 2\n2022-03-23 — Discussion Session 3\nFighting Financial Crises: Learning from the Past by Gary Gorton\, Ellis Tallman (2021)\n2022-04-20 — Discussion Session 1\n2022-05-11 — Discussion Session 2\nMoney and empire: The international gold standard\, 1890-1914 by Marcello De Cecco (1974)\n2022-05-25 — Discussion Session 1\n2022-06-15 — Discussion Session 2\nCentral Bank Cooperation 1924-31 by Stephen Clarke (1967)\n2022-06-22 — Discussion Session 1\n2022-07-06 — Discussion Session 2\nThe Money Problem: Rethinking Financial Regulation by Morgan Ricks (2016)\n2022-07-27 — Discussion Session 1\n2022-08-10 — Discussion Session 2\n2022-08-17 — Discussion with Morgan Ricks\nThe Evolution of Central Banking: Theory and History by Stefano Ugolini (2017)\n2022-08-24 — Discussion Session 1\n2022-09-07 — Discussion Session 2\n2022-09-21 — Discussion Session 3\n2022-10-05 — Discussion with Stefano Ugolini\nA Financial History of Western Europe by Charles P. Kindleberger (1984\, 1993)\n2022-10-19 — Discussion Session 1 | Part 1: Money\n2022-11-02 — Discussion Session 2 | Part 2: Banking\n2022-11-16 — Discussion Session 3 | Part 3: Finance\n2023-01-11 — Discussion Session 4 | Part 4: The Interwar Period\n2023-01-18 — Discussion Session 5 | Part 5: After World War II\nMoney and Empire: Charles P. Kindleberger and the Dollar System by Perry Mehrling (2022)\n2022-11-30 — Discussion Session 1 | Part 1: Intellectual Formation\, 1910–1948\n2022-12-14 — Discussion Session 2 | Part 2: International Economist\, 1948–1976\n2022-12-21 — Discussion Session 3 | Part 3: Historical Economist\, 1976–2003\n2022-12-21 — Discussion #1 with Perry Mehrling\n2023-01-04 — Discussion #2 with Perry Mehrling\nBonds without Borders: A History of the Eurobond Market by Chris O’Malley (2015)\n2023-02-15 — Discussion Session 1\n2023-03-01 — Discussion Session 2\nMonetary Policy Operations and the Financial System by Ulrich Bindseil (2014)\n2023-03-15 — Discussion Session 1 (Ch 1-8)\n2023-03-29 — Discussion Session 2 (Ch 9-12)\n2023-04-12 — Discussion Session 3 (Ch 13-18)\nCapital Wars: The Rise of Global Liquidity by Michael J. Howell (2020)\n2023-04-26 — Discussion Session 1 (Ch 1-7)\n2023-05-10 — Discussion Session 2 (Ch 8-14)\nA Market Theory of Money by John Hicks (1989)\n2023-05-24 — Discussion Session 1 (Ch 1-7)\n2023-06-07 — Discussion Session 2 (Ch 8-15)\nThe Currency of Politics: The Political Theory of Money from Aristotle to Keynes by Stefan Eich (2022)\n2023-06-28 — Discussion Session 1 (Ch 1 & 2)\n2023-07-19 — Discussion Session 2 (Ch 3 & 4)\n2023-08-02 — Discussion Session 3 (Ch 5 & 6)\n2023-08-14 — Discussion with Stefan Eich\nFischer Black and the Revolutionary Idea of Finance by Perry Mehrling (2005)\n2023-08-22 — Discussion Session 1 (Ch 1–5)\n2023-09-05 — Discussion Session 2 (Ch 6–8)\n2023-09-19 — Discussion Session 3 (Ch 9–11)\n2023-09-26 — Discussion with Perry Mehrling\nThe Evolution of Central Banks by Charles Goodhart (1988)\n2023-10-03 — Discussion Session 1 (Ch 1–6)\n2023-10-17 — Discussion Session 2 (Ch 7–8\, Appendix)\nThe Repo Market: Shorts\, Shortages\, and Squeezes by Scott Skyrm (2023)\n2023-11-07 — Discussion Session 1 (pages 1–92)\n2023-11-21 — Discussion Session 2 (pages 93–186)\n2023-12-05 — Discussion Session 3 (pages 187–310) Part 1 — Part 2\n2023-12-12 — Discussion with Scott Skyrm From 39:20\nThe Volatility Machine: Emerging Economies and the Threat of Financial Collapse by Michael Pettis (2001)\n2023-12-19 — Discussion Session 1 (Ch 1–5)\n2024-01-02 — Discussion Session 2 (Ch 6–10)\n2024-01-09 — Discussion with Michael Pettis\nInternational Capital Movements by Charles P. Kindleberger (1987)\n2024-01-16 — Discussion Session 1 (Ch 1 & 2)\n2024-01-30 — Discussion Session 2 (Ch 3 & 4)\nA Political Theory of Money by Anush Kapadia (2024)\n2024-02-20 — Discussion Session 1 (Ch 1–4)\n2024-03-05 — Discussion Session 2 (Ch 5–7)\n2024-03-19 — Discussion Session 3 (Ch 8–12)\n2024-03-26 — Discussion with Anush Kapadia\nThe Rise of Central Banks: State Power in Financial Capitalism by Leon Wansleben (2023)\n2024-04-02 — Discussion Session 1 (Ch 1–3)\n2024-04-23 — Discussion Session 2 (Ch 4–6)\n2024-05-07 — Discussion with Leon Wansleben\nThe Money Illusion: Market Monetarism\, the Great Recession\, and the Future of Monetary Policy by Scott Sumner (2021)\n2024-05-14 — Discussion Session 1 (Parts 1 & 2)\n2024-05-28 — Discussion Session 2 (Parts 3 & 4)\n2024-06-18 — Discussion Session 3 (Parts 5 & 6)\n2024-06-25 — Discussion with Scott Sumner\nPrivate Money and Public Currencies: The Sixteenth Century Challenge: The Sixteenth Century Challenge by Boyer-Xambeu\, Deleplace\, and Gillard (1994)\n2024-07-02 — Discussion Session 1 (Ch 1–3)\n2024-07-16 — Discussion Session 2 (Ch 4 & 5)\n2024-07-30 — Discussion Session 3 (Ch 6\, 7 & Conclusion)\nThe Arena of International Finance by Charles A. Coombs (1976)\n2024-08-13 — Discussion Session 1 (Ch 1ー6)\n2024-08-27 — Discussion Session 2 (Ch 7–12)\nThe Bill on London: or The Finance of Trade by Bills of Exchange by Gillett Brothers (1952/1976)\n2024-09-17 — Discussion Session\nBirth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression by Kenneth D. Garbade (2012)\n2024-10-01 — Discussion Session 1 (Ch 1–10)\n2024-10-15 — Discussion Session 2 (Ch 11–15)\n2024-10-29 — Discussion Session 3 (Ch 16–24)\nA Monetary and Fiscal History of the United States\, 1961–2021 by Alan S. Blinder (2022)\n2024-11-12 — Discussion Session 1 (Ch 1–7)\n2024-11-26 — Discussion Session 2 (Ch 8–13)\n2024-12-10 — Discussion Session 3 (Ch 14–19)\nBuilding a Ruin: The Cold War Politics of Soviet Economic Reform by Yakov Feygin (2024)\n2025-01-07 — Discussion Session 1 (Ch 1–3)\n2025-01-21 — Discussion Session 2 (Ch 4–6)\n2025-02-04 — Discussion Session 3 (Ch 7 & Afterword)\nA Crash Course on Crises: Macroeconomic Concepts for Run-Ups\, Collapses\, and Recoveries by Markus K. Brunnermeier and Ricardo Reis (2023)\n2025-02-25 — Discussion Session 1 (Parts 1 and 2)\n2025-03-11 — Discussion Session 2 (Parts 3 and 4)\nThe Empire of Value: A New Foundation for Economics by Andre Orlean (2014)\n2025-03-25 — Discussion Session 1 (Introduction and Part 1) Part 1 — Part 2\n2025-04-08 — Discussion Session 2 (Parts 2 and 3)\n2025-04-22 — Discussion Session 3 (Part 4 and Conclusion)\nThe Wheels of Commerce by Fernand Braudel (1979/1982)\n2025-05-06 — Discussion Session 1 (Chapter 1)\n2025-05-13 — Discussion Session 2 (Chapter 2)\n2025-05-20 — Discussion Session 3 (Chapter 3)\n2025-05-27 — Discussion Session 4 (Chapter 4)\n2025-06-03 — Discussion Session 5 (Chapter 5)\nBeyond Banks: Technology\, Regulation\, and the Future of Money by Dan Awrey (2024)\n2025-06-17 — Discussion Session 1 (Intro & Ch 1–3)\n2025-07-01 — Discussion Session 5 (Ch 4–7 & Conclusion)\n2025-07-08 — Discussion with Dan Awrey\nOur Dollar\, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance by Kenneth Rogoff (2025)\n2025-08-19— Discussion Session 1 (Parts 1-3)\n2025-08-26 — Discussion Session 2 (Parts 4-6)\nCentral Banking Before 1800: A Rehabilitation by Ulrich Bindseil (2019)\n2025-09-01 — Discussion Session 1 (Ch 1&2)\n2025-09-15 — Discussion Session 2 (Ch 3–5)\n2025-09-29 — Discussion Session 3 (Ch 6&7)\n2025-10-13 — Discussion with Ulrich Bindseil\nThe Long Twentieth Century: Money\, Power and the Origins of Our Times by Giovanni Arrighi (2010)\n2025-10-20 — Discussion Session 1 (Ch 1&2)\n2025-11-03 — Discussion Session 2 (Ch 3)\n2025-11-10 — Discussion Session 3 (Ch 4)\nFragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles W. Calomiris and Stephen Haber (2014)\n2025-11-17 — Discussion Session 1 (Ch 1–5)\n2025-12-01 — Discussion Session 2 (Ch 6-9)\n2025-12-15 — Discussion Session 3 (Ch 10–15)\n2026-01-05 — Discussion with Charles Calomiris\nTreatise on Money by Joseph Schumpeter (1970/2014)\n2026-01-12 — Discussion Session 1 (Ch 1–3)\n2026-01-27 — Discussion Session 2 (Ch 4–7)\n2026-02-10 — Discussion Session 3 (Ch 8–10)\n2026-02-24 — Discussion Session 4 (Ch 11–12)\n\n\nOff-Week Sessions\n  \n\n2021-05-19 BIS Working Paper: Breaking free of the triple coincidence in international finance (2015)\n2021-07-07 Global Domain of the Dollar: 8 Questions by Robert McCauley Author Discussion\n2021-07-28 BIS and Bank of England reports on Central Bank Digital Currencies\n2022-09-28 The Crypto Banking System by Sébastien Derivaux (2022) Author Discussion\n2023-04-05 Discussion of Silicon Valley Bank\n2023-04-19 Institutional Cash Pools by Zoltan Pozsar (2011)\n2023-05-03 BIS Bulletin #73: Stablecoins vs. Tokenized Deposits (May 3\, 2023)\n2023-07-05 The Credit–Money Hierarchy: a Republican \, Egalitarian Appraisal by Aaron James (2023)\n2023-07-26 Public Purpose Finance: The Government’s Role as Lender by Nadav Orian Peer (2020) Author Discussion 2023-10-24 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 1\n2023-10-31 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 2\n2023-11-14 ICMA Repo FAQ by Richard Comotto (2013/2019)\n2023-11-28 Basis Trades and Treasury Market Illiquidity by Daniel Barth & Jay Kahn (2020)\n2024-01-23 Capital flows and the current account by Borio and Disyatat (2015)\n2024-02-13 The dual currency system of Renaissance Europe by Luca Fantacci (2008)\n2024-02-27 BIS: Buy now\, pay later: a cross-country analysis by Cornelli et al. (2023)\n2024-03-12 The non-use of money in the Middle Ages by Bell\, Brooks\, and Moore (2017)\n2024-04-09 The Central Role of Credit Crunches in Recent Financial History by Albert M. Wojnilower (1980)\n2024-04-16 Measuring Equilibrium in the Balance of Payments by Charles P. Kindleberger (1969)\n2024-04-30 The Rise and Risks of Private Credit — GFSR (April\, 2024)\n2024-06-04 BIS Working Paper No 1100: Getting up from the floor by Claudio Borio (May\, 2023)\n2024-06-11 The Offshore Dollar and US Policy by Robert McCauley (May\, 2024)\n2024-07-09 The (impossible) repo trinity: the political economy of repo markets by Daniela Gabor (2016)\n2024-08-07 A Safe Haven for Hidden Risks (May 30\, 2024) and Rate Transformation (November 4\, 2023) by Elham Saeidinezhad\n2024-08-20 The Collateral Supply Effect on Central Bank Policy by Carolyn Sissoko (2020)\n2024-09-10 Monetary Policy Implications of Market Maker of Last Resort Operations by Anil K Kashyap (August 23\, 2024)\n2024-11-05 BIS Bulletin No 90: The market turbulence and carry trade unwind of August 2024 (August 27\, 2024)\n2024-11-19 Yen Carry Trade and the Subprime Crisis by Masazumi Hattori and Hyun Song Shin (2009)\n2024-12-03 After the Allocation: What Role for the Special Drawing Rights System? by Pforr\, Pape\, and Murau (2022)\n2025-01-14 Where Profits Come From by the Levy Forecasting Center by Levy\, Farnham\, & Rajan (2008/1997)\n2025-01-28 The Broad Consequences of Narrow Banking by Matheus R. Grasseli and Alexander Lipton (2019)\n2025-02-11 Failing Banks by Sergio Correia\, Stephen Luck\, and Emil Verner (2024)\n2025-02-18 Odd Lots — The Hidden History of Eurodollars by Lev Menand and Joshua Younger (January 2025)\n2025-03-04 Of Last Resort: Evaluating the Treasury-Equity Model of Federal Reserve Emergency Lending by Steven Kelly (2024)\n2025-03-18 Commercial Banking and Capital Formation I–IV by Harold Moulton (1918)\n2025-04-01 Climate Alignment For Banks: The Stories That Numbers Tell by Nadav Orian Peer (2025) Author Discussion\n2025-04-15 Shadow Banking: Why Modern Money Markets are Less Stable Than 19th c. Money Markets But Shouldn’t Be Stabilized by a ‘Dealer of Last Resort’ by Carolyn Sissoko (2014)\n2025-04-29 Treasury Market and the Basis Trade (Adrian et al. 2025; Kashyap et al. 2025)\n2025-06-10 Structural Changes in the Global Financial System lecture by Hyun Song Shin (May 19\, 2025)\n2025-06-24 International Regimes\, Transactions\, and Change: Embedded Liberalism in the Postwar Economic Order by John Gerard Ruggie (1982)\n2025-07-15 BIS Annual Report Chapter: Financial conditions in a changing global financial system (2025)\n2025-07-22 Banks Are Intermediaries of Loanable Funds by George Selgin (2024)\n2025-07-29 Theorising non-bank financial intermediation by Jo Michell (2024)\n2025-08-05 Banks are different: why bank-based versus market-based lending is a false dichotomy by Carolyn Sissoko (2024)\n2025-09-08 Did France Cause the Great Depression? by Douglas A. Irwin (2010)\n2025-09-22 Rethinking Monetary Sovereignty: The Global Credit Money System and the State by Murau and van’t Klooster (2023)\n2025-10-06 Rethinking currency internationalisation: offshore money creation and the EU’s monetary governance by Murau and van’t Klooster (2025)\n2025-10-27 BIS Bulletin No 114: “Financial channel implications of a weaker dollar for emerging market economies” by Juselius\, Wooldridge and Xia (October 13\, 2025)\n2025-11-24 Bubble or Nothing: Data Center Project Finance by Advait Arun (November 12\, 2025)\n2025-12-08 Discussion of Debate over Whether Money Multiplier Requires Cash Lending\n2026-01-20 Gresham’s Law by Charles P. Kindleberger (1989)\n2026-02-03 The Law of One Price by Charles P. Kindleberger (1989)\n2026-02-17 Bank Runs With and Without Bank Failures by Correia\, Luck\, and Verner (2026)\n2026-03-03 Monetary Experience and the Theory of Money by John Hicks (1977)
URL:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-01/
LOCATION:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-01/
CATEGORIES:A series of zooms
ATTACH;FMTTYPE=image/png:https://heske.wisdmlabs.net/wp-content/uploads/2023/12/lecture2-p4x2-hierarchy-pyramid-dynamics.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260908T140000
DTEND;TZID=America/New_York:20260908T153000
DTSTAMP:20260405T074029
CREATED:20231212T030110Z
LAST-MODIFIED:20260316T063624Z
UID:10008200-1788876000-1788881400@heske.wisdmlabs.net
SUMMARY:Money View Reading Group
DESCRIPTION:The Money View Reading Group reads and discusses writings 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 meet for 90 minutes via Zoom on Tuesdays at 2 pm Eastern Time US (New York).\n\nCurrent Book\n  \n\n\nBetween Payments and Credit: An Introduction to the IOU Economy by George Pantelopoulos (2025)\n  \n\nhttps://www.amazon.com/Between-Payments-Credit-Introduction-Economy-ebook/dp/B0FF3RR3T4/ \nFrom the description: \nIn unpacking credit relationships and payments over the past 1000 years in addition to how technological innovations are shifting the credit relationships/payments landscape – from barter\, commodity money\, single layered to dual-layered financial money systems and from CBDC to stablecoins – this book systematically explores the various techniques that have been introduced in an attempt to improve the organisation\, efficiency and stability of the IOU economy as a way to mitigate or prevent the universal challenge of the IOU economy from binding. \nPantelopolous says the “universal challenge” of an IOU economy is the scenario in which liquidity dries up. \n\n2026-03-10 — Discussion Session 1 (Ch 1–5) (Recording)\n\n\nUpcoming Sessions\n  \n\n\n2026-03-24 — 2:00pm EDT\n  \n\nWe discuss Chapters 6–10 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCorrespondent Banking: Part 1\n\n\n\n\nCorrespondent Banking: Part 2\n\n\n\n\nThe Central Bank as the LOLR\n\n\n\n\nThe International Monetary System: Part 1\n\n\n\n\nThe International Monetary System: Part 2\n\n\n\n\n2026-04-07 — 2:00pm EDT\n  \n\nWe discuss Chapters 11–13 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCentral Bank Digital Currencies (CBDC)\n\n\n\n\nThe Crypto-Verse: Terminologies and Technologies\n\n\n\n\nUnbacked Crypto-Assets and Stablecoins\n\n\n\n\nFuture Suggested Readings\n  \n\n\nAgainst Money by J.W. Mason and Arjun Jayadev (2026)\nOur Money: Monetary Policy as if Democracy Matters by Leah Downey (2025)\nThe History of Money: A Story of Humanity by David McWilliams (2025)\nAfter the Accord: A History of Federal Reserve Open Market Operations\, the US Government Securities Market\, and Treasury Debt Management from 1951 to 1979 by Kenneth D. Garbade (2021)\nHow a Ledger Became a Central Bank: A Monetary History of the Bank of Amsterdam by Quinn and Roberds (2023)\nA Study of Money Flows in the United States by Morris Copeland (1952)\nA History of the Greenbacks by Wesley Clair Mitchell (1903)\nCalming the Storms: The Carry Trade\, the Banking School and British Financial Crises Since 1825 by Charles Read (2023)\nBenjamin Strong: Central Banker by Lester V. Chandler (1958)\nAn Engine\, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie (2007)\nCurrency and Credit (4e) by Ralph Hawtrey (1950)\nThe Golden Age of the Quantity Theory by David Laidler (1991)\nCapitalizing on Crisis: The Political Origins of the Rise of Finance by Greta Krippner (2011)\nThe Federal Reserve System by Paul Warburg (1930)\nCentral Bank Capitalism: Monetary Policy in Times of Crisis by Joscha Wullweber (2024)\nIntroduction to Central Banking by Ulrich Bindseil and Alessio Fota (2021)\nThe Chairman: John J. McCloy & The Making of the American Establishment by Kai Bird (1992)\nManias\, Panics\, and Crashes (8e) by Robert McCauley (2023)\nThe Bailout State: Why Governments Rescue Banks\, Not People by Martijn Konings (2025)\n\n\nPast Readings with Discussion Recordings\n  \n\n\nMinsky by Daniel H. Neilson (2019)\n2021-03-24 — Discussion Session 1\n2021-03-31 — Discussion Session 2\n2021-04-07 — Discussion with Daniel Neilson\nThe Art of Central Banking (Chapter IV) by Ralph Hawtrey (1933)\n2021-04-21 — Discussion Session 1\n2021-05-05 — Discussion Session 2\n2021-05-26 — Discussion with David Glasner\nMaking Money: Coin\, Currency\, and the Coming of Capitalism by Christine Desan (2014)\n2021-06-02 — Discussion Session 1\n2021-06-16 — Discussion Session 2\n2021-06-30 — Discussion Session 3\n2021-07-14 — Discussion with Christine Desan\nMoney in a Theory of Finance by John G. Gurley\, Edward S. Shaw (1960)\n2021-07-21 — Discussion Session 1\n2021-08-04 — Discussion Session 2\n2021-08-18 — Discussion Session 3\nThe World in Depression\, 1929-1939 by Charles P. Kindleberger (1973)\n2021-09-01 — Discussion Session 1\n2021-09-15 — Discussion Session 2\n2021-09-29 — Discussion Session 3\nThe Rise of Carry by Jamie Lee et al (2019)\n2021-10-13 — Discussion Session 1\n2021-10-27 — Discussion Session 2\nThe Money Interest and the Public Interest by Perry Mehrling (1998)\n2021-11-10 — Discussion Session 1 | Allyn Young\n2021-11-24 — Discussion Session 2 | Alvin Hanson\n2021-12-08 — Discussion Session 3 | Edward Shaw\nControlling Credit by Eric Monnet (2018)\n2022-01-05 — Discussion Session 1\n2022-01-19 — Discussion Session 2\nThe Menace of Fiscal QE by George Selgin (2020)\n2022-02-02 — Discussion Session\nThe New Lombard Street by Perry Mehrling (2011)\n2022-02-23 — Discussion Session 1\n2022-03-09 — Discussion Session 2\n2022-03-23 — Discussion Session 3\nFighting Financial Crises: Learning from the Past by Gary Gorton\, Ellis Tallman (2021)\n2022-04-20 — Discussion Session 1\n2022-05-11 — Discussion Session 2\nMoney and empire: The international gold standard\, 1890-1914 by Marcello De Cecco (1974)\n2022-05-25 — Discussion Session 1\n2022-06-15 — Discussion Session 2\nCentral Bank Cooperation 1924-31 by Stephen Clarke (1967)\n2022-06-22 — Discussion Session 1\n2022-07-06 — Discussion Session 2\nThe Money Problem: Rethinking Financial Regulation by Morgan Ricks (2016)\n2022-07-27 — Discussion Session 1\n2022-08-10 — Discussion Session 2\n2022-08-17 — Discussion with Morgan Ricks\nThe Evolution of Central Banking: Theory and History by Stefano Ugolini (2017)\n2022-08-24 — Discussion Session 1\n2022-09-07 — Discussion Session 2\n2022-09-21 — Discussion Session 3\n2022-10-05 — Discussion with Stefano Ugolini\nA Financial History of Western Europe by Charles P. Kindleberger (1984\, 1993)\n2022-10-19 — Discussion Session 1 | Part 1: Money\n2022-11-02 — Discussion Session 2 | Part 2: Banking\n2022-11-16 — Discussion Session 3 | Part 3: Finance\n2023-01-11 — Discussion Session 4 | Part 4: The Interwar Period\n2023-01-18 — Discussion Session 5 | Part 5: After World War II\nMoney and Empire: Charles P. Kindleberger and the Dollar System by Perry Mehrling (2022)\n2022-11-30 — Discussion Session 1 | Part 1: Intellectual Formation\, 1910–1948\n2022-12-14 — Discussion Session 2 | Part 2: International Economist\, 1948–1976\n2022-12-21 — Discussion Session 3 | Part 3: Historical Economist\, 1976–2003\n2022-12-21 — Discussion #1 with Perry Mehrling\n2023-01-04 — Discussion #2 with Perry Mehrling\nBonds without Borders: A History of the Eurobond Market by Chris O’Malley (2015)\n2023-02-15 — Discussion Session 1\n2023-03-01 — Discussion Session 2\nMonetary Policy Operations and the Financial System by Ulrich Bindseil (2014)\n2023-03-15 — Discussion Session 1 (Ch 1-8)\n2023-03-29 — Discussion Session 2 (Ch 9-12)\n2023-04-12 — Discussion Session 3 (Ch 13-18)\nCapital Wars: The Rise of Global Liquidity by Michael J. Howell (2020)\n2023-04-26 — Discussion Session 1 (Ch 1-7)\n2023-05-10 — Discussion Session 2 (Ch 8-14)\nA Market Theory of Money by John Hicks (1989)\n2023-05-24 — Discussion Session 1 (Ch 1-7)\n2023-06-07 — Discussion Session 2 (Ch 8-15)\nThe Currency of Politics: The Political Theory of Money from Aristotle to Keynes by Stefan Eich (2022)\n2023-06-28 — Discussion Session 1 (Ch 1 & 2)\n2023-07-19 — Discussion Session 2 (Ch 3 & 4)\n2023-08-02 — Discussion Session 3 (Ch 5 & 6)\n2023-08-14 — Discussion with Stefan Eich\nFischer Black and the Revolutionary Idea of Finance by Perry Mehrling (2005)\n2023-08-22 — Discussion Session 1 (Ch 1–5)\n2023-09-05 — Discussion Session 2 (Ch 6–8)\n2023-09-19 — Discussion Session 3 (Ch 9–11)\n2023-09-26 — Discussion with Perry Mehrling\nThe Evolution of Central Banks by Charles Goodhart (1988)\n2023-10-03 — Discussion Session 1 (Ch 1–6)\n2023-10-17 — Discussion Session 2 (Ch 7–8\, Appendix)\nThe Repo Market: Shorts\, Shortages\, and Squeezes by Scott Skyrm (2023)\n2023-11-07 — Discussion Session 1 (pages 1–92)\n2023-11-21 — Discussion Session 2 (pages 93–186)\n2023-12-05 — Discussion Session 3 (pages 187–310) Part 1 — Part 2\n2023-12-12 — Discussion with Scott Skyrm From 39:20\nThe Volatility Machine: Emerging Economies and the Threat of Financial Collapse by Michael Pettis (2001)\n2023-12-19 — Discussion Session 1 (Ch 1–5)\n2024-01-02 — Discussion Session 2 (Ch 6–10)\n2024-01-09 — Discussion with Michael Pettis\nInternational Capital Movements by Charles P. Kindleberger (1987)\n2024-01-16 — Discussion Session 1 (Ch 1 & 2)\n2024-01-30 — Discussion Session 2 (Ch 3 & 4)\nA Political Theory of Money by Anush Kapadia (2024)\n2024-02-20 — Discussion Session 1 (Ch 1–4)\n2024-03-05 — Discussion Session 2 (Ch 5–7)\n2024-03-19 — Discussion Session 3 (Ch 8–12)\n2024-03-26 — Discussion with Anush Kapadia\nThe Rise of Central Banks: State Power in Financial Capitalism by Leon Wansleben (2023)\n2024-04-02 — Discussion Session 1 (Ch 1–3)\n2024-04-23 — Discussion Session 2 (Ch 4–6)\n2024-05-07 — Discussion with Leon Wansleben\nThe Money Illusion: Market Monetarism\, the Great Recession\, and the Future of Monetary Policy by Scott Sumner (2021)\n2024-05-14 — Discussion Session 1 (Parts 1 & 2)\n2024-05-28 — Discussion Session 2 (Parts 3 & 4)\n2024-06-18 — Discussion Session 3 (Parts 5 & 6)\n2024-06-25 — Discussion with Scott Sumner\nPrivate Money and Public Currencies: The Sixteenth Century Challenge: The Sixteenth Century Challenge by Boyer-Xambeu\, Deleplace\, and Gillard (1994)\n2024-07-02 — Discussion Session 1 (Ch 1–3)\n2024-07-16 — Discussion Session 2 (Ch 4 & 5)\n2024-07-30 — Discussion Session 3 (Ch 6\, 7 & Conclusion)\nThe Arena of International Finance by Charles A. Coombs (1976)\n2024-08-13 — Discussion Session 1 (Ch 1ー6)\n2024-08-27 — Discussion Session 2 (Ch 7–12)\nThe Bill on London: or The Finance of Trade by Bills of Exchange by Gillett Brothers (1952/1976)\n2024-09-17 — Discussion Session\nBirth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression by Kenneth D. Garbade (2012)\n2024-10-01 — Discussion Session 1 (Ch 1–10)\n2024-10-15 — Discussion Session 2 (Ch 11–15)\n2024-10-29 — Discussion Session 3 (Ch 16–24)\nA Monetary and Fiscal History of the United States\, 1961–2021 by Alan S. Blinder (2022)\n2024-11-12 — Discussion Session 1 (Ch 1–7)\n2024-11-26 — Discussion Session 2 (Ch 8–13)\n2024-12-10 — Discussion Session 3 (Ch 14–19)\nBuilding a Ruin: The Cold War Politics of Soviet Economic Reform by Yakov Feygin (2024)\n2025-01-07 — Discussion Session 1 (Ch 1–3)\n2025-01-21 — Discussion Session 2 (Ch 4–6)\n2025-02-04 — Discussion Session 3 (Ch 7 & Afterword)\nA Crash Course on Crises: Macroeconomic Concepts for Run-Ups\, Collapses\, and Recoveries by Markus K. Brunnermeier and Ricardo Reis (2023)\n2025-02-25 — Discussion Session 1 (Parts 1 and 2)\n2025-03-11 — Discussion Session 2 (Parts 3 and 4)\nThe Empire of Value: A New Foundation for Economics by Andre Orlean (2014)\n2025-03-25 — Discussion Session 1 (Introduction and Part 1) Part 1 — Part 2\n2025-04-08 — Discussion Session 2 (Parts 2 and 3)\n2025-04-22 — Discussion Session 3 (Part 4 and Conclusion)\nThe Wheels of Commerce by Fernand Braudel (1979/1982)\n2025-05-06 — Discussion Session 1 (Chapter 1)\n2025-05-13 — Discussion Session 2 (Chapter 2)\n2025-05-20 — Discussion Session 3 (Chapter 3)\n2025-05-27 — Discussion Session 4 (Chapter 4)\n2025-06-03 — Discussion Session 5 (Chapter 5)\nBeyond Banks: Technology\, Regulation\, and the Future of Money by Dan Awrey (2024)\n2025-06-17 — Discussion Session 1 (Intro & Ch 1–3)\n2025-07-01 — Discussion Session 5 (Ch 4–7 & Conclusion)\n2025-07-08 — Discussion with Dan Awrey\nOur Dollar\, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance by Kenneth Rogoff (2025)\n2025-08-19— Discussion Session 1 (Parts 1-3)\n2025-08-26 — Discussion Session 2 (Parts 4-6)\nCentral Banking Before 1800: A Rehabilitation by Ulrich Bindseil (2019)\n2025-09-01 — Discussion Session 1 (Ch 1&2)\n2025-09-15 — Discussion Session 2 (Ch 3–5)\n2025-09-29 — Discussion Session 3 (Ch 6&7)\n2025-10-13 — Discussion with Ulrich Bindseil\nThe Long Twentieth Century: Money\, Power and the Origins of Our Times by Giovanni Arrighi (2010)\n2025-10-20 — Discussion Session 1 (Ch 1&2)\n2025-11-03 — Discussion Session 2 (Ch 3)\n2025-11-10 — Discussion Session 3 (Ch 4)\nFragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles W. Calomiris and Stephen Haber (2014)\n2025-11-17 — Discussion Session 1 (Ch 1–5)\n2025-12-01 — Discussion Session 2 (Ch 6-9)\n2025-12-15 — Discussion Session 3 (Ch 10–15)\n2026-01-05 — Discussion with Charles Calomiris\nTreatise on Money by Joseph Schumpeter (1970/2014)\n2026-01-12 — Discussion Session 1 (Ch 1–3)\n2026-01-27 — Discussion Session 2 (Ch 4–7)\n2026-02-10 — Discussion Session 3 (Ch 8–10)\n2026-02-24 — Discussion Session 4 (Ch 11–12)\n\n\nOff-Week Sessions\n  \n\n2021-05-19 BIS Working Paper: Breaking free of the triple coincidence in international finance (2015)\n2021-07-07 Global Domain of the Dollar: 8 Questions by Robert McCauley Author Discussion\n2021-07-28 BIS and Bank of England reports on Central Bank Digital Currencies\n2022-09-28 The Crypto Banking System by Sébastien Derivaux (2022) Author Discussion\n2023-04-05 Discussion of Silicon Valley Bank\n2023-04-19 Institutional Cash Pools by Zoltan Pozsar (2011)\n2023-05-03 BIS Bulletin #73: Stablecoins vs. Tokenized Deposits (May 3\, 2023)\n2023-07-05 The Credit–Money Hierarchy: a Republican \, Egalitarian Appraisal by Aaron James (2023)\n2023-07-26 Public Purpose Finance: The Government’s Role as Lender by Nadav Orian Peer (2020) Author Discussion 2023-10-24 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 1\n2023-10-31 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 2\n2023-11-14 ICMA Repo FAQ by Richard Comotto (2013/2019)\n2023-11-28 Basis Trades and Treasury Market Illiquidity by Daniel Barth & Jay Kahn (2020)\n2024-01-23 Capital flows and the current account by Borio and Disyatat (2015)\n2024-02-13 The dual currency system of Renaissance Europe by Luca Fantacci (2008)\n2024-02-27 BIS: Buy now\, pay later: a cross-country analysis by Cornelli et al. (2023)\n2024-03-12 The non-use of money in the Middle Ages by Bell\, Brooks\, and Moore (2017)\n2024-04-09 The Central Role of Credit Crunches in Recent Financial History by Albert M. Wojnilower (1980)\n2024-04-16 Measuring Equilibrium in the Balance of Payments by Charles P. Kindleberger (1969)\n2024-04-30 The Rise and Risks of Private Credit — GFSR (April\, 2024)\n2024-06-04 BIS Working Paper No 1100: Getting up from the floor by Claudio Borio (May\, 2023)\n2024-06-11 The Offshore Dollar and US Policy by Robert McCauley (May\, 2024)\n2024-07-09 The (impossible) repo trinity: the political economy of repo markets by Daniela Gabor (2016)\n2024-08-07 A Safe Haven for Hidden Risks (May 30\, 2024) and Rate Transformation (November 4\, 2023) by Elham Saeidinezhad\n2024-08-20 The Collateral Supply Effect on Central Bank Policy by Carolyn Sissoko (2020)\n2024-09-10 Monetary Policy Implications of Market Maker of Last Resort Operations by Anil K Kashyap (August 23\, 2024)\n2024-11-05 BIS Bulletin No 90: The market turbulence and carry trade unwind of August 2024 (August 27\, 2024)\n2024-11-19 Yen Carry Trade and the Subprime Crisis by Masazumi Hattori and Hyun Song Shin (2009)\n2024-12-03 After the Allocation: What Role for the Special Drawing Rights System? by Pforr\, Pape\, and Murau (2022)\n2025-01-14 Where Profits Come From by the Levy Forecasting Center by Levy\, Farnham\, & Rajan (2008/1997)\n2025-01-28 The Broad Consequences of Narrow Banking by Matheus R. Grasseli and Alexander Lipton (2019)\n2025-02-11 Failing Banks by Sergio Correia\, Stephen Luck\, and Emil Verner (2024)\n2025-02-18 Odd Lots — The Hidden History of Eurodollars by Lev Menand and Joshua Younger (January 2025)\n2025-03-04 Of Last Resort: Evaluating the Treasury-Equity Model of Federal Reserve Emergency Lending by Steven Kelly (2024)\n2025-03-18 Commercial Banking and Capital Formation I–IV by Harold Moulton (1918)\n2025-04-01 Climate Alignment For Banks: The Stories That Numbers Tell by Nadav Orian Peer (2025) Author Discussion\n2025-04-15 Shadow Banking: Why Modern Money Markets are Less Stable Than 19th c. Money Markets But Shouldn’t Be Stabilized by a ‘Dealer of Last Resort’ by Carolyn Sissoko (2014)\n2025-04-29 Treasury Market and the Basis Trade (Adrian et al. 2025; Kashyap et al. 2025)\n2025-06-10 Structural Changes in the Global Financial System lecture by Hyun Song Shin (May 19\, 2025)\n2025-06-24 International Regimes\, Transactions\, and Change: Embedded Liberalism in the Postwar Economic Order by John Gerard Ruggie (1982)\n2025-07-15 BIS Annual Report Chapter: Financial conditions in a changing global financial system (2025)\n2025-07-22 Banks Are Intermediaries of Loanable Funds by George Selgin (2024)\n2025-07-29 Theorising non-bank financial intermediation by Jo Michell (2024)\n2025-08-05 Banks are different: why bank-based versus market-based lending is a false dichotomy by Carolyn Sissoko (2024)\n2025-09-08 Did France Cause the Great Depression? by Douglas A. Irwin (2010)\n2025-09-22 Rethinking Monetary Sovereignty: The Global Credit Money System and the State by Murau and van’t Klooster (2023)\n2025-10-06 Rethinking currency internationalisation: offshore money creation and the EU’s monetary governance by Murau and van’t Klooster (2025)\n2025-10-27 BIS Bulletin No 114: “Financial channel implications of a weaker dollar for emerging market economies” by Juselius\, Wooldridge and Xia (October 13\, 2025)\n2025-11-24 Bubble or Nothing: Data Center Project Finance by Advait Arun (November 12\, 2025)\n2025-12-08 Discussion of Debate over Whether Money Multiplier Requires Cash Lending\n2026-01-20 Gresham’s Law by Charles P. Kindleberger (1989)\n2026-02-03 The Law of One Price by Charles P. Kindleberger (1989)\n2026-02-17 Bank Runs With and Without Bank Failures by Correia\, Luck\, and Verner (2026)\n2026-03-03 Monetary Experience and the Theory of Money by John Hicks (1977)
URL:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-08/
LOCATION:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-08/
CATEGORIES:A series of zooms
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DTSTART;TZID=America/New_York:20260909T100000
DTEND;TZID=America/New_York:20260909T110000
DTSTAMP:20260405T074029
CREATED:20240112T203210Z
LAST-MODIFIED:20251112T153433Z
UID:10005653-1788948000-1788951600@heske.wisdmlabs.net
SUMMARY:Monthly Office Hours for (Aspiring) Organizers
DESCRIPTION:Ask any questions about how to run projects in YSI\nThe conversation may cover: \n\nWhat it means to be an organizer in YSi\nHow to think about projects in general\nThe logistics of virtual projects\nThe logistics of in-person projects\nQuestions you have about a specific project\n\nYou can watch recordings from previous calls here: \n\n February 2024
URL:https://heske.wisdmlabs.net/event/monthly-office-hours-for-aspiring-organizers/2026-09-09/
LOCATION:https://heske.wisdmlabs.net/event/monthly-office-hours-for-aspiring-organizers/2026-09-09/
CATEGORIES:A series of zooms
ATTACH;FMTTYPE=image/png:https://heske.wisdmlabs.net/wp-content/uploads/2024/01/Screen-Shot-2024-01-12-at-3.18.14-PM.png
END:VEVENT
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DTSTART;TZID=America/New_York:20260915T140000
DTEND;TZID=America/New_York:20260915T153000
DTSTAMP:20260405T074029
CREATED:20231212T030110Z
LAST-MODIFIED:20260316T063624Z
UID:10008201-1789480800-1789486200@heske.wisdmlabs.net
SUMMARY:Money View Reading Group
DESCRIPTION:The Money View Reading Group reads and discusses writings 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 meet for 90 minutes via Zoom on Tuesdays at 2 pm Eastern Time US (New York).\n\nCurrent Book\n  \n\n\nBetween Payments and Credit: An Introduction to the IOU Economy by George Pantelopoulos (2025)\n  \n\nhttps://www.amazon.com/Between-Payments-Credit-Introduction-Economy-ebook/dp/B0FF3RR3T4/ \nFrom the description: \nIn unpacking credit relationships and payments over the past 1000 years in addition to how technological innovations are shifting the credit relationships/payments landscape – from barter\, commodity money\, single layered to dual-layered financial money systems and from CBDC to stablecoins – this book systematically explores the various techniques that have been introduced in an attempt to improve the organisation\, efficiency and stability of the IOU economy as a way to mitigate or prevent the universal challenge of the IOU economy from binding. \nPantelopolous says the “universal challenge” of an IOU economy is the scenario in which liquidity dries up. \n\n2026-03-10 — Discussion Session 1 (Ch 1–5) (Recording)\n\n\nUpcoming Sessions\n  \n\n\n2026-03-24 — 2:00pm EDT\n  \n\nWe discuss Chapters 6–10 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCorrespondent Banking: Part 1\n\n\n\n\nCorrespondent Banking: Part 2\n\n\n\n\nThe Central Bank as the LOLR\n\n\n\n\nThe International Monetary System: Part 1\n\n\n\n\nThe International Monetary System: Part 2\n\n\n\n\n2026-04-07 — 2:00pm EDT\n  \n\nWe discuss Chapters 11–13 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCentral Bank Digital Currencies (CBDC)\n\n\n\n\nThe Crypto-Verse: Terminologies and Technologies\n\n\n\n\nUnbacked Crypto-Assets and Stablecoins\n\n\n\n\nFuture Suggested Readings\n  \n\n\nAgainst Money by J.W. Mason and Arjun Jayadev (2026)\nOur Money: Monetary Policy as if Democracy Matters by Leah Downey (2025)\nThe History of Money: A Story of Humanity by David McWilliams (2025)\nAfter the Accord: A History of Federal Reserve Open Market Operations\, the US Government Securities Market\, and Treasury Debt Management from 1951 to 1979 by Kenneth D. Garbade (2021)\nHow a Ledger Became a Central Bank: A Monetary History of the Bank of Amsterdam by Quinn and Roberds (2023)\nA Study of Money Flows in the United States by Morris Copeland (1952)\nA History of the Greenbacks by Wesley Clair Mitchell (1903)\nCalming the Storms: The Carry Trade\, the Banking School and British Financial Crises Since 1825 by Charles Read (2023)\nBenjamin Strong: Central Banker by Lester V. Chandler (1958)\nAn Engine\, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie (2007)\nCurrency and Credit (4e) by Ralph Hawtrey (1950)\nThe Golden Age of the Quantity Theory by David Laidler (1991)\nCapitalizing on Crisis: The Political Origins of the Rise of Finance by Greta Krippner (2011)\nThe Federal Reserve System by Paul Warburg (1930)\nCentral Bank Capitalism: Monetary Policy in Times of Crisis by Joscha Wullweber (2024)\nIntroduction to Central Banking by Ulrich Bindseil and Alessio Fota (2021)\nThe Chairman: John J. McCloy & The Making of the American Establishment by Kai Bird (1992)\nManias\, Panics\, and Crashes (8e) by Robert McCauley (2023)\nThe Bailout State: Why Governments Rescue Banks\, Not People by Martijn Konings (2025)\n\n\nPast Readings with Discussion Recordings\n  \n\n\nMinsky by Daniel H. Neilson (2019)\n2021-03-24 — Discussion Session 1\n2021-03-31 — Discussion Session 2\n2021-04-07 — Discussion with Daniel Neilson\nThe Art of Central Banking (Chapter IV) by Ralph Hawtrey (1933)\n2021-04-21 — Discussion Session 1\n2021-05-05 — Discussion Session 2\n2021-05-26 — Discussion with David Glasner\nMaking Money: Coin\, Currency\, and the Coming of Capitalism by Christine Desan (2014)\n2021-06-02 — Discussion Session 1\n2021-06-16 — Discussion Session 2\n2021-06-30 — Discussion Session 3\n2021-07-14 — Discussion with Christine Desan\nMoney in a Theory of Finance by John G. Gurley\, Edward S. Shaw (1960)\n2021-07-21 — Discussion Session 1\n2021-08-04 — Discussion Session 2\n2021-08-18 — Discussion Session 3\nThe World in Depression\, 1929-1939 by Charles P. Kindleberger (1973)\n2021-09-01 — Discussion Session 1\n2021-09-15 — Discussion Session 2\n2021-09-29 — Discussion Session 3\nThe Rise of Carry by Jamie Lee et al (2019)\n2021-10-13 — Discussion Session 1\n2021-10-27 — Discussion Session 2\nThe Money Interest and the Public Interest by Perry Mehrling (1998)\n2021-11-10 — Discussion Session 1 | Allyn Young\n2021-11-24 — Discussion Session 2 | Alvin Hanson\n2021-12-08 — Discussion Session 3 | Edward Shaw\nControlling Credit by Eric Monnet (2018)\n2022-01-05 — Discussion Session 1\n2022-01-19 — Discussion Session 2\nThe Menace of Fiscal QE by George Selgin (2020)\n2022-02-02 — Discussion Session\nThe New Lombard Street by Perry Mehrling (2011)\n2022-02-23 — Discussion Session 1\n2022-03-09 — Discussion Session 2\n2022-03-23 — Discussion Session 3\nFighting Financial Crises: Learning from the Past by Gary Gorton\, Ellis Tallman (2021)\n2022-04-20 — Discussion Session 1\n2022-05-11 — Discussion Session 2\nMoney and empire: The international gold standard\, 1890-1914 by Marcello De Cecco (1974)\n2022-05-25 — Discussion Session 1\n2022-06-15 — Discussion Session 2\nCentral Bank Cooperation 1924-31 by Stephen Clarke (1967)\n2022-06-22 — Discussion Session 1\n2022-07-06 — Discussion Session 2\nThe Money Problem: Rethinking Financial Regulation by Morgan Ricks (2016)\n2022-07-27 — Discussion Session 1\n2022-08-10 — Discussion Session 2\n2022-08-17 — Discussion with Morgan Ricks\nThe Evolution of Central Banking: Theory and History by Stefano Ugolini (2017)\n2022-08-24 — Discussion Session 1\n2022-09-07 — Discussion Session 2\n2022-09-21 — Discussion Session 3\n2022-10-05 — Discussion with Stefano Ugolini\nA Financial History of Western Europe by Charles P. Kindleberger (1984\, 1993)\n2022-10-19 — Discussion Session 1 | Part 1: Money\n2022-11-02 — Discussion Session 2 | Part 2: Banking\n2022-11-16 — Discussion Session 3 | Part 3: Finance\n2023-01-11 — Discussion Session 4 | Part 4: The Interwar Period\n2023-01-18 — Discussion Session 5 | Part 5: After World War II\nMoney and Empire: Charles P. Kindleberger and the Dollar System by Perry Mehrling (2022)\n2022-11-30 — Discussion Session 1 | Part 1: Intellectual Formation\, 1910–1948\n2022-12-14 — Discussion Session 2 | Part 2: International Economist\, 1948–1976\n2022-12-21 — Discussion Session 3 | Part 3: Historical Economist\, 1976–2003\n2022-12-21 — Discussion #1 with Perry Mehrling\n2023-01-04 — Discussion #2 with Perry Mehrling\nBonds without Borders: A History of the Eurobond Market by Chris O’Malley (2015)\n2023-02-15 — Discussion Session 1\n2023-03-01 — Discussion Session 2\nMonetary Policy Operations and the Financial System by Ulrich Bindseil (2014)\n2023-03-15 — Discussion Session 1 (Ch 1-8)\n2023-03-29 — Discussion Session 2 (Ch 9-12)\n2023-04-12 — Discussion Session 3 (Ch 13-18)\nCapital Wars: The Rise of Global Liquidity by Michael J. Howell (2020)\n2023-04-26 — Discussion Session 1 (Ch 1-7)\n2023-05-10 — Discussion Session 2 (Ch 8-14)\nA Market Theory of Money by John Hicks (1989)\n2023-05-24 — Discussion Session 1 (Ch 1-7)\n2023-06-07 — Discussion Session 2 (Ch 8-15)\nThe Currency of Politics: The Political Theory of Money from Aristotle to Keynes by Stefan Eich (2022)\n2023-06-28 — Discussion Session 1 (Ch 1 & 2)\n2023-07-19 — Discussion Session 2 (Ch 3 & 4)\n2023-08-02 — Discussion Session 3 (Ch 5 & 6)\n2023-08-14 — Discussion with Stefan Eich\nFischer Black and the Revolutionary Idea of Finance by Perry Mehrling (2005)\n2023-08-22 — Discussion Session 1 (Ch 1–5)\n2023-09-05 — Discussion Session 2 (Ch 6–8)\n2023-09-19 — Discussion Session 3 (Ch 9–11)\n2023-09-26 — Discussion with Perry Mehrling\nThe Evolution of Central Banks by Charles Goodhart (1988)\n2023-10-03 — Discussion Session 1 (Ch 1–6)\n2023-10-17 — Discussion Session 2 (Ch 7–8\, Appendix)\nThe Repo Market: Shorts\, Shortages\, and Squeezes by Scott Skyrm (2023)\n2023-11-07 — Discussion Session 1 (pages 1–92)\n2023-11-21 — Discussion Session 2 (pages 93–186)\n2023-12-05 — Discussion Session 3 (pages 187–310) Part 1 — Part 2\n2023-12-12 — Discussion with Scott Skyrm From 39:20\nThe Volatility Machine: Emerging Economies and the Threat of Financial Collapse by Michael Pettis (2001)\n2023-12-19 — Discussion Session 1 (Ch 1–5)\n2024-01-02 — Discussion Session 2 (Ch 6–10)\n2024-01-09 — Discussion with Michael Pettis\nInternational Capital Movements by Charles P. Kindleberger (1987)\n2024-01-16 — Discussion Session 1 (Ch 1 & 2)\n2024-01-30 — Discussion Session 2 (Ch 3 & 4)\nA Political Theory of Money by Anush Kapadia (2024)\n2024-02-20 — Discussion Session 1 (Ch 1–4)\n2024-03-05 — Discussion Session 2 (Ch 5–7)\n2024-03-19 — Discussion Session 3 (Ch 8–12)\n2024-03-26 — Discussion with Anush Kapadia\nThe Rise of Central Banks: State Power in Financial Capitalism by Leon Wansleben (2023)\n2024-04-02 — Discussion Session 1 (Ch 1–3)\n2024-04-23 — Discussion Session 2 (Ch 4–6)\n2024-05-07 — Discussion with Leon Wansleben\nThe Money Illusion: Market Monetarism\, the Great Recession\, and the Future of Monetary Policy by Scott Sumner (2021)\n2024-05-14 — Discussion Session 1 (Parts 1 & 2)\n2024-05-28 — Discussion Session 2 (Parts 3 & 4)\n2024-06-18 — Discussion Session 3 (Parts 5 & 6)\n2024-06-25 — Discussion with Scott Sumner\nPrivate Money and Public Currencies: The Sixteenth Century Challenge: The Sixteenth Century Challenge by Boyer-Xambeu\, Deleplace\, and Gillard (1994)\n2024-07-02 — Discussion Session 1 (Ch 1–3)\n2024-07-16 — Discussion Session 2 (Ch 4 & 5)\n2024-07-30 — Discussion Session 3 (Ch 6\, 7 & Conclusion)\nThe Arena of International Finance by Charles A. Coombs (1976)\n2024-08-13 — Discussion Session 1 (Ch 1ー6)\n2024-08-27 — Discussion Session 2 (Ch 7–12)\nThe Bill on London: or The Finance of Trade by Bills of Exchange by Gillett Brothers (1952/1976)\n2024-09-17 — Discussion Session\nBirth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression by Kenneth D. Garbade (2012)\n2024-10-01 — Discussion Session 1 (Ch 1–10)\n2024-10-15 — Discussion Session 2 (Ch 11–15)\n2024-10-29 — Discussion Session 3 (Ch 16–24)\nA Monetary and Fiscal History of the United States\, 1961–2021 by Alan S. Blinder (2022)\n2024-11-12 — Discussion Session 1 (Ch 1–7)\n2024-11-26 — Discussion Session 2 (Ch 8–13)\n2024-12-10 — Discussion Session 3 (Ch 14–19)\nBuilding a Ruin: The Cold War Politics of Soviet Economic Reform by Yakov Feygin (2024)\n2025-01-07 — Discussion Session 1 (Ch 1–3)\n2025-01-21 — Discussion Session 2 (Ch 4–6)\n2025-02-04 — Discussion Session 3 (Ch 7 & Afterword)\nA Crash Course on Crises: Macroeconomic Concepts for Run-Ups\, Collapses\, and Recoveries by Markus K. Brunnermeier and Ricardo Reis (2023)\n2025-02-25 — Discussion Session 1 (Parts 1 and 2)\n2025-03-11 — Discussion Session 2 (Parts 3 and 4)\nThe Empire of Value: A New Foundation for Economics by Andre Orlean (2014)\n2025-03-25 — Discussion Session 1 (Introduction and Part 1) Part 1 — Part 2\n2025-04-08 — Discussion Session 2 (Parts 2 and 3)\n2025-04-22 — Discussion Session 3 (Part 4 and Conclusion)\nThe Wheels of Commerce by Fernand Braudel (1979/1982)\n2025-05-06 — Discussion Session 1 (Chapter 1)\n2025-05-13 — Discussion Session 2 (Chapter 2)\n2025-05-20 — Discussion Session 3 (Chapter 3)\n2025-05-27 — Discussion Session 4 (Chapter 4)\n2025-06-03 — Discussion Session 5 (Chapter 5)\nBeyond Banks: Technology\, Regulation\, and the Future of Money by Dan Awrey (2024)\n2025-06-17 — Discussion Session 1 (Intro & Ch 1–3)\n2025-07-01 — Discussion Session 5 (Ch 4–7 & Conclusion)\n2025-07-08 — Discussion with Dan Awrey\nOur Dollar\, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance by Kenneth Rogoff (2025)\n2025-08-19— Discussion Session 1 (Parts 1-3)\n2025-08-26 — Discussion Session 2 (Parts 4-6)\nCentral Banking Before 1800: A Rehabilitation by Ulrich Bindseil (2019)\n2025-09-01 — Discussion Session 1 (Ch 1&2)\n2025-09-15 — Discussion Session 2 (Ch 3–5)\n2025-09-29 — Discussion Session 3 (Ch 6&7)\n2025-10-13 — Discussion with Ulrich Bindseil\nThe Long Twentieth Century: Money\, Power and the Origins of Our Times by Giovanni Arrighi (2010)\n2025-10-20 — Discussion Session 1 (Ch 1&2)\n2025-11-03 — Discussion Session 2 (Ch 3)\n2025-11-10 — Discussion Session 3 (Ch 4)\nFragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles W. Calomiris and Stephen Haber (2014)\n2025-11-17 — Discussion Session 1 (Ch 1–5)\n2025-12-01 — Discussion Session 2 (Ch 6-9)\n2025-12-15 — Discussion Session 3 (Ch 10–15)\n2026-01-05 — Discussion with Charles Calomiris\nTreatise on Money by Joseph Schumpeter (1970/2014)\n2026-01-12 — Discussion Session 1 (Ch 1–3)\n2026-01-27 — Discussion Session 2 (Ch 4–7)\n2026-02-10 — Discussion Session 3 (Ch 8–10)\n2026-02-24 — Discussion Session 4 (Ch 11–12)\n\n\nOff-Week Sessions\n  \n\n2021-05-19 BIS Working Paper: Breaking free of the triple coincidence in international finance (2015)\n2021-07-07 Global Domain of the Dollar: 8 Questions by Robert McCauley Author Discussion\n2021-07-28 BIS and Bank of England reports on Central Bank Digital Currencies\n2022-09-28 The Crypto Banking System by Sébastien Derivaux (2022) Author Discussion\n2023-04-05 Discussion of Silicon Valley Bank\n2023-04-19 Institutional Cash Pools by Zoltan Pozsar (2011)\n2023-05-03 BIS Bulletin #73: Stablecoins vs. Tokenized Deposits (May 3\, 2023)\n2023-07-05 The Credit–Money Hierarchy: a Republican \, Egalitarian Appraisal by Aaron James (2023)\n2023-07-26 Public Purpose Finance: The Government’s Role as Lender by Nadav Orian Peer (2020) Author Discussion 2023-10-24 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 1\n2023-10-31 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 2\n2023-11-14 ICMA Repo FAQ by Richard Comotto (2013/2019)\n2023-11-28 Basis Trades and Treasury Market Illiquidity by Daniel Barth & Jay Kahn (2020)\n2024-01-23 Capital flows and the current account by Borio and Disyatat (2015)\n2024-02-13 The dual currency system of Renaissance Europe by Luca Fantacci (2008)\n2024-02-27 BIS: Buy now\, pay later: a cross-country analysis by Cornelli et al. (2023)\n2024-03-12 The non-use of money in the Middle Ages by Bell\, Brooks\, and Moore (2017)\n2024-04-09 The Central Role of Credit Crunches in Recent Financial History by Albert M. Wojnilower (1980)\n2024-04-16 Measuring Equilibrium in the Balance of Payments by Charles P. Kindleberger (1969)\n2024-04-30 The Rise and Risks of Private Credit — GFSR (April\, 2024)\n2024-06-04 BIS Working Paper No 1100: Getting up from the floor by Claudio Borio (May\, 2023)\n2024-06-11 The Offshore Dollar and US Policy by Robert McCauley (May\, 2024)\n2024-07-09 The (impossible) repo trinity: the political economy of repo markets by Daniela Gabor (2016)\n2024-08-07 A Safe Haven for Hidden Risks (May 30\, 2024) and Rate Transformation (November 4\, 2023) by Elham Saeidinezhad\n2024-08-20 The Collateral Supply Effect on Central Bank Policy by Carolyn Sissoko (2020)\n2024-09-10 Monetary Policy Implications of Market Maker of Last Resort Operations by Anil K Kashyap (August 23\, 2024)\n2024-11-05 BIS Bulletin No 90: The market turbulence and carry trade unwind of August 2024 (August 27\, 2024)\n2024-11-19 Yen Carry Trade and the Subprime Crisis by Masazumi Hattori and Hyun Song Shin (2009)\n2024-12-03 After the Allocation: What Role for the Special Drawing Rights System? by Pforr\, Pape\, and Murau (2022)\n2025-01-14 Where Profits Come From by the Levy Forecasting Center by Levy\, Farnham\, & Rajan (2008/1997)\n2025-01-28 The Broad Consequences of Narrow Banking by Matheus R. Grasseli and Alexander Lipton (2019)\n2025-02-11 Failing Banks by Sergio Correia\, Stephen Luck\, and Emil Verner (2024)\n2025-02-18 Odd Lots — The Hidden History of Eurodollars by Lev Menand and Joshua Younger (January 2025)\n2025-03-04 Of Last Resort: Evaluating the Treasury-Equity Model of Federal Reserve Emergency Lending by Steven Kelly (2024)\n2025-03-18 Commercial Banking and Capital Formation I–IV by Harold Moulton (1918)\n2025-04-01 Climate Alignment For Banks: The Stories That Numbers Tell by Nadav Orian Peer (2025) Author Discussion\n2025-04-15 Shadow Banking: Why Modern Money Markets are Less Stable Than 19th c. Money Markets But Shouldn’t Be Stabilized by a ‘Dealer of Last Resort’ by Carolyn Sissoko (2014)\n2025-04-29 Treasury Market and the Basis Trade (Adrian et al. 2025; Kashyap et al. 2025)\n2025-06-10 Structural Changes in the Global Financial System lecture by Hyun Song Shin (May 19\, 2025)\n2025-06-24 International Regimes\, Transactions\, and Change: Embedded Liberalism in the Postwar Economic Order by John Gerard Ruggie (1982)\n2025-07-15 BIS Annual Report Chapter: Financial conditions in a changing global financial system (2025)\n2025-07-22 Banks Are Intermediaries of Loanable Funds by George Selgin (2024)\n2025-07-29 Theorising non-bank financial intermediation by Jo Michell (2024)\n2025-08-05 Banks are different: why bank-based versus market-based lending is a false dichotomy by Carolyn Sissoko (2024)\n2025-09-08 Did France Cause the Great Depression? by Douglas A. Irwin (2010)\n2025-09-22 Rethinking Monetary Sovereignty: The Global Credit Money System and the State by Murau and van’t Klooster (2023)\n2025-10-06 Rethinking currency internationalisation: offshore money creation and the EU’s monetary governance by Murau and van’t Klooster (2025)\n2025-10-27 BIS Bulletin No 114: “Financial channel implications of a weaker dollar for emerging market economies” by Juselius\, Wooldridge and Xia (October 13\, 2025)\n2025-11-24 Bubble or Nothing: Data Center Project Finance by Advait Arun (November 12\, 2025)\n2025-12-08 Discussion of Debate over Whether Money Multiplier Requires Cash Lending\n2026-01-20 Gresham’s Law by Charles P. Kindleberger (1989)\n2026-02-03 The Law of One Price by Charles P. Kindleberger (1989)\n2026-02-17 Bank Runs With and Without Bank Failures by Correia\, Luck\, and Verner (2026)\n2026-03-03 Monetary Experience and the Theory of Money by John Hicks (1977)
URL:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-15/
LOCATION:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-15/
CATEGORIES:A series of zooms
ATTACH;FMTTYPE=image/png:https://heske.wisdmlabs.net/wp-content/uploads/2023/12/lecture2-p4x2-hierarchy-pyramid-dynamics.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260922T140000
DTEND;TZID=America/New_York:20260922T153000
DTSTAMP:20260405T074029
CREATED:20231212T030110Z
LAST-MODIFIED:20260316T063624Z
UID:10008202-1790085600-1790091000@heske.wisdmlabs.net
SUMMARY:Money View Reading Group
DESCRIPTION:The Money View Reading Group reads and discusses writings 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 meet for 90 minutes via Zoom on Tuesdays at 2 pm Eastern Time US (New York).\n\nCurrent Book\n  \n\n\nBetween Payments and Credit: An Introduction to the IOU Economy by George Pantelopoulos (2025)\n  \n\nhttps://www.amazon.com/Between-Payments-Credit-Introduction-Economy-ebook/dp/B0FF3RR3T4/ \nFrom the description: \nIn unpacking credit relationships and payments over the past 1000 years in addition to how technological innovations are shifting the credit relationships/payments landscape – from barter\, commodity money\, single layered to dual-layered financial money systems and from CBDC to stablecoins – this book systematically explores the various techniques that have been introduced in an attempt to improve the organisation\, efficiency and stability of the IOU economy as a way to mitigate or prevent the universal challenge of the IOU economy from binding. \nPantelopolous says the “universal challenge” of an IOU economy is the scenario in which liquidity dries up. \n\n2026-03-10 — Discussion Session 1 (Ch 1–5) (Recording)\n\n\nUpcoming Sessions\n  \n\n\n2026-03-24 — 2:00pm EDT\n  \n\nWe discuss Chapters 6–10 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCorrespondent Banking: Part 1\n\n\n\n\nCorrespondent Banking: Part 2\n\n\n\n\nThe Central Bank as the LOLR\n\n\n\n\nThe International Monetary System: Part 1\n\n\n\n\nThe International Monetary System: Part 2\n\n\n\n\n2026-04-07 — 2:00pm EDT\n  \n\nWe discuss Chapters 11–13 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCentral Bank Digital Currencies (CBDC)\n\n\n\n\nThe Crypto-Verse: Terminologies and Technologies\n\n\n\n\nUnbacked Crypto-Assets and Stablecoins\n\n\n\n\nFuture Suggested Readings\n  \n\n\nAgainst Money by J.W. Mason and Arjun Jayadev (2026)\nOur Money: Monetary Policy as if Democracy Matters by Leah Downey (2025)\nThe History of Money: A Story of Humanity by David McWilliams (2025)\nAfter the Accord: A History of Federal Reserve Open Market Operations\, the US Government Securities Market\, and Treasury Debt Management from 1951 to 1979 by Kenneth D. Garbade (2021)\nHow a Ledger Became a Central Bank: A Monetary History of the Bank of Amsterdam by Quinn and Roberds (2023)\nA Study of Money Flows in the United States by Morris Copeland (1952)\nA History of the Greenbacks by Wesley Clair Mitchell (1903)\nCalming the Storms: The Carry Trade\, the Banking School and British Financial Crises Since 1825 by Charles Read (2023)\nBenjamin Strong: Central Banker by Lester V. Chandler (1958)\nAn Engine\, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie (2007)\nCurrency and Credit (4e) by Ralph Hawtrey (1950)\nThe Golden Age of the Quantity Theory by David Laidler (1991)\nCapitalizing on Crisis: The Political Origins of the Rise of Finance by Greta Krippner (2011)\nThe Federal Reserve System by Paul Warburg (1930)\nCentral Bank Capitalism: Monetary Policy in Times of Crisis by Joscha Wullweber (2024)\nIntroduction to Central Banking by Ulrich Bindseil and Alessio Fota (2021)\nThe Chairman: John J. McCloy & The Making of the American Establishment by Kai Bird (1992)\nManias\, Panics\, and Crashes (8e) by Robert McCauley (2023)\nThe Bailout State: Why Governments Rescue Banks\, Not People by Martijn Konings (2025)\n\n\nPast Readings with Discussion Recordings\n  \n\n\nMinsky by Daniel H. Neilson (2019)\n2021-03-24 — Discussion Session 1\n2021-03-31 — Discussion Session 2\n2021-04-07 — Discussion with Daniel Neilson\nThe Art of Central Banking (Chapter IV) by Ralph Hawtrey (1933)\n2021-04-21 — Discussion Session 1\n2021-05-05 — Discussion Session 2\n2021-05-26 — Discussion with David Glasner\nMaking Money: Coin\, Currency\, and the Coming of Capitalism by Christine Desan (2014)\n2021-06-02 — Discussion Session 1\n2021-06-16 — Discussion Session 2\n2021-06-30 — Discussion Session 3\n2021-07-14 — Discussion with Christine Desan\nMoney in a Theory of Finance by John G. Gurley\, Edward S. Shaw (1960)\n2021-07-21 — Discussion Session 1\n2021-08-04 — Discussion Session 2\n2021-08-18 — Discussion Session 3\nThe World in Depression\, 1929-1939 by Charles P. Kindleberger (1973)\n2021-09-01 — Discussion Session 1\n2021-09-15 — Discussion Session 2\n2021-09-29 — Discussion Session 3\nThe Rise of Carry by Jamie Lee et al (2019)\n2021-10-13 — Discussion Session 1\n2021-10-27 — Discussion Session 2\nThe Money Interest and the Public Interest by Perry Mehrling (1998)\n2021-11-10 — Discussion Session 1 | Allyn Young\n2021-11-24 — Discussion Session 2 | Alvin Hanson\n2021-12-08 — Discussion Session 3 | Edward Shaw\nControlling Credit by Eric Monnet (2018)\n2022-01-05 — Discussion Session 1\n2022-01-19 — Discussion Session 2\nThe Menace of Fiscal QE by George Selgin (2020)\n2022-02-02 — Discussion Session\nThe New Lombard Street by Perry Mehrling (2011)\n2022-02-23 — Discussion Session 1\n2022-03-09 — Discussion Session 2\n2022-03-23 — Discussion Session 3\nFighting Financial Crises: Learning from the Past by Gary Gorton\, Ellis Tallman (2021)\n2022-04-20 — Discussion Session 1\n2022-05-11 — Discussion Session 2\nMoney and empire: The international gold standard\, 1890-1914 by Marcello De Cecco (1974)\n2022-05-25 — Discussion Session 1\n2022-06-15 — Discussion Session 2\nCentral Bank Cooperation 1924-31 by Stephen Clarke (1967)\n2022-06-22 — Discussion Session 1\n2022-07-06 — Discussion Session 2\nThe Money Problem: Rethinking Financial Regulation by Morgan Ricks (2016)\n2022-07-27 — Discussion Session 1\n2022-08-10 — Discussion Session 2\n2022-08-17 — Discussion with Morgan Ricks\nThe Evolution of Central Banking: Theory and History by Stefano Ugolini (2017)\n2022-08-24 — Discussion Session 1\n2022-09-07 — Discussion Session 2\n2022-09-21 — Discussion Session 3\n2022-10-05 — Discussion with Stefano Ugolini\nA Financial History of Western Europe by Charles P. Kindleberger (1984\, 1993)\n2022-10-19 — Discussion Session 1 | Part 1: Money\n2022-11-02 — Discussion Session 2 | Part 2: Banking\n2022-11-16 — Discussion Session 3 | Part 3: Finance\n2023-01-11 — Discussion Session 4 | Part 4: The Interwar Period\n2023-01-18 — Discussion Session 5 | Part 5: After World War II\nMoney and Empire: Charles P. Kindleberger and the Dollar System by Perry Mehrling (2022)\n2022-11-30 — Discussion Session 1 | Part 1: Intellectual Formation\, 1910–1948\n2022-12-14 — Discussion Session 2 | Part 2: International Economist\, 1948–1976\n2022-12-21 — Discussion Session 3 | Part 3: Historical Economist\, 1976–2003\n2022-12-21 — Discussion #1 with Perry Mehrling\n2023-01-04 — Discussion #2 with Perry Mehrling\nBonds without Borders: A History of the Eurobond Market by Chris O’Malley (2015)\n2023-02-15 — Discussion Session 1\n2023-03-01 — Discussion Session 2\nMonetary Policy Operations and the Financial System by Ulrich Bindseil (2014)\n2023-03-15 — Discussion Session 1 (Ch 1-8)\n2023-03-29 — Discussion Session 2 (Ch 9-12)\n2023-04-12 — Discussion Session 3 (Ch 13-18)\nCapital Wars: The Rise of Global Liquidity by Michael J. Howell (2020)\n2023-04-26 — Discussion Session 1 (Ch 1-7)\n2023-05-10 — Discussion Session 2 (Ch 8-14)\nA Market Theory of Money by John Hicks (1989)\n2023-05-24 — Discussion Session 1 (Ch 1-7)\n2023-06-07 — Discussion Session 2 (Ch 8-15)\nThe Currency of Politics: The Political Theory of Money from Aristotle to Keynes by Stefan Eich (2022)\n2023-06-28 — Discussion Session 1 (Ch 1 & 2)\n2023-07-19 — Discussion Session 2 (Ch 3 & 4)\n2023-08-02 — Discussion Session 3 (Ch 5 & 6)\n2023-08-14 — Discussion with Stefan Eich\nFischer Black and the Revolutionary Idea of Finance by Perry Mehrling (2005)\n2023-08-22 — Discussion Session 1 (Ch 1–5)\n2023-09-05 — Discussion Session 2 (Ch 6–8)\n2023-09-19 — Discussion Session 3 (Ch 9–11)\n2023-09-26 — Discussion with Perry Mehrling\nThe Evolution of Central Banks by Charles Goodhart (1988)\n2023-10-03 — Discussion Session 1 (Ch 1–6)\n2023-10-17 — Discussion Session 2 (Ch 7–8\, Appendix)\nThe Repo Market: Shorts\, Shortages\, and Squeezes by Scott Skyrm (2023)\n2023-11-07 — Discussion Session 1 (pages 1–92)\n2023-11-21 — Discussion Session 2 (pages 93–186)\n2023-12-05 — Discussion Session 3 (pages 187–310) Part 1 — Part 2\n2023-12-12 — Discussion with Scott Skyrm From 39:20\nThe Volatility Machine: Emerging Economies and the Threat of Financial Collapse by Michael Pettis (2001)\n2023-12-19 — Discussion Session 1 (Ch 1–5)\n2024-01-02 — Discussion Session 2 (Ch 6–10)\n2024-01-09 — Discussion with Michael Pettis\nInternational Capital Movements by Charles P. Kindleberger (1987)\n2024-01-16 — Discussion Session 1 (Ch 1 & 2)\n2024-01-30 — Discussion Session 2 (Ch 3 & 4)\nA Political Theory of Money by Anush Kapadia (2024)\n2024-02-20 — Discussion Session 1 (Ch 1–4)\n2024-03-05 — Discussion Session 2 (Ch 5–7)\n2024-03-19 — Discussion Session 3 (Ch 8–12)\n2024-03-26 — Discussion with Anush Kapadia\nThe Rise of Central Banks: State Power in Financial Capitalism by Leon Wansleben (2023)\n2024-04-02 — Discussion Session 1 (Ch 1–3)\n2024-04-23 — Discussion Session 2 (Ch 4–6)\n2024-05-07 — Discussion with Leon Wansleben\nThe Money Illusion: Market Monetarism\, the Great Recession\, and the Future of Monetary Policy by Scott Sumner (2021)\n2024-05-14 — Discussion Session 1 (Parts 1 & 2)\n2024-05-28 — Discussion Session 2 (Parts 3 & 4)\n2024-06-18 — Discussion Session 3 (Parts 5 & 6)\n2024-06-25 — Discussion with Scott Sumner\nPrivate Money and Public Currencies: The Sixteenth Century Challenge: The Sixteenth Century Challenge by Boyer-Xambeu\, Deleplace\, and Gillard (1994)\n2024-07-02 — Discussion Session 1 (Ch 1–3)\n2024-07-16 — Discussion Session 2 (Ch 4 & 5)\n2024-07-30 — Discussion Session 3 (Ch 6\, 7 & Conclusion)\nThe Arena of International Finance by Charles A. Coombs (1976)\n2024-08-13 — Discussion Session 1 (Ch 1ー6)\n2024-08-27 — Discussion Session 2 (Ch 7–12)\nThe Bill on London: or The Finance of Trade by Bills of Exchange by Gillett Brothers (1952/1976)\n2024-09-17 — Discussion Session\nBirth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression by Kenneth D. Garbade (2012)\n2024-10-01 — Discussion Session 1 (Ch 1–10)\n2024-10-15 — Discussion Session 2 (Ch 11–15)\n2024-10-29 — Discussion Session 3 (Ch 16–24)\nA Monetary and Fiscal History of the United States\, 1961–2021 by Alan S. Blinder (2022)\n2024-11-12 — Discussion Session 1 (Ch 1–7)\n2024-11-26 — Discussion Session 2 (Ch 8–13)\n2024-12-10 — Discussion Session 3 (Ch 14–19)\nBuilding a Ruin: The Cold War Politics of Soviet Economic Reform by Yakov Feygin (2024)\n2025-01-07 — Discussion Session 1 (Ch 1–3)\n2025-01-21 — Discussion Session 2 (Ch 4–6)\n2025-02-04 — Discussion Session 3 (Ch 7 & Afterword)\nA Crash Course on Crises: Macroeconomic Concepts for Run-Ups\, Collapses\, and Recoveries by Markus K. Brunnermeier and Ricardo Reis (2023)\n2025-02-25 — Discussion Session 1 (Parts 1 and 2)\n2025-03-11 — Discussion Session 2 (Parts 3 and 4)\nThe Empire of Value: A New Foundation for Economics by Andre Orlean (2014)\n2025-03-25 — Discussion Session 1 (Introduction and Part 1) Part 1 — Part 2\n2025-04-08 — Discussion Session 2 (Parts 2 and 3)\n2025-04-22 — Discussion Session 3 (Part 4 and Conclusion)\nThe Wheels of Commerce by Fernand Braudel (1979/1982)\n2025-05-06 — Discussion Session 1 (Chapter 1)\n2025-05-13 — Discussion Session 2 (Chapter 2)\n2025-05-20 — Discussion Session 3 (Chapter 3)\n2025-05-27 — Discussion Session 4 (Chapter 4)\n2025-06-03 — Discussion Session 5 (Chapter 5)\nBeyond Banks: Technology\, Regulation\, and the Future of Money by Dan Awrey (2024)\n2025-06-17 — Discussion Session 1 (Intro & Ch 1–3)\n2025-07-01 — Discussion Session 5 (Ch 4–7 & Conclusion)\n2025-07-08 — Discussion with Dan Awrey\nOur Dollar\, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance by Kenneth Rogoff (2025)\n2025-08-19— Discussion Session 1 (Parts 1-3)\n2025-08-26 — Discussion Session 2 (Parts 4-6)\nCentral Banking Before 1800: A Rehabilitation by Ulrich Bindseil (2019)\n2025-09-01 — Discussion Session 1 (Ch 1&2)\n2025-09-15 — Discussion Session 2 (Ch 3–5)\n2025-09-29 — Discussion Session 3 (Ch 6&7)\n2025-10-13 — Discussion with Ulrich Bindseil\nThe Long Twentieth Century: Money\, Power and the Origins of Our Times by Giovanni Arrighi (2010)\n2025-10-20 — Discussion Session 1 (Ch 1&2)\n2025-11-03 — Discussion Session 2 (Ch 3)\n2025-11-10 — Discussion Session 3 (Ch 4)\nFragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles W. Calomiris and Stephen Haber (2014)\n2025-11-17 — Discussion Session 1 (Ch 1–5)\n2025-12-01 — Discussion Session 2 (Ch 6-9)\n2025-12-15 — Discussion Session 3 (Ch 10–15)\n2026-01-05 — Discussion with Charles Calomiris\nTreatise on Money by Joseph Schumpeter (1970/2014)\n2026-01-12 — Discussion Session 1 (Ch 1–3)\n2026-01-27 — Discussion Session 2 (Ch 4–7)\n2026-02-10 — Discussion Session 3 (Ch 8–10)\n2026-02-24 — Discussion Session 4 (Ch 11–12)\n\n\nOff-Week Sessions\n  \n\n2021-05-19 BIS Working Paper: Breaking free of the triple coincidence in international finance (2015)\n2021-07-07 Global Domain of the Dollar: 8 Questions by Robert McCauley Author Discussion\n2021-07-28 BIS and Bank of England reports on Central Bank Digital Currencies\n2022-09-28 The Crypto Banking System by Sébastien Derivaux (2022) Author Discussion\n2023-04-05 Discussion of Silicon Valley Bank\n2023-04-19 Institutional Cash Pools by Zoltan Pozsar (2011)\n2023-05-03 BIS Bulletin #73: Stablecoins vs. Tokenized Deposits (May 3\, 2023)\n2023-07-05 The Credit–Money Hierarchy: a Republican \, Egalitarian Appraisal by Aaron James (2023)\n2023-07-26 Public Purpose Finance: The Government’s Role as Lender by Nadav Orian Peer (2020) Author Discussion 2023-10-24 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 1\n2023-10-31 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 2\n2023-11-14 ICMA Repo FAQ by Richard Comotto (2013/2019)\n2023-11-28 Basis Trades and Treasury Market Illiquidity by Daniel Barth & Jay Kahn (2020)\n2024-01-23 Capital flows and the current account by Borio and Disyatat (2015)\n2024-02-13 The dual currency system of Renaissance Europe by Luca Fantacci (2008)\n2024-02-27 BIS: Buy now\, pay later: a cross-country analysis by Cornelli et al. (2023)\n2024-03-12 The non-use of money in the Middle Ages by Bell\, Brooks\, and Moore (2017)\n2024-04-09 The Central Role of Credit Crunches in Recent Financial History by Albert M. Wojnilower (1980)\n2024-04-16 Measuring Equilibrium in the Balance of Payments by Charles P. Kindleberger (1969)\n2024-04-30 The Rise and Risks of Private Credit — GFSR (April\, 2024)\n2024-06-04 BIS Working Paper No 1100: Getting up from the floor by Claudio Borio (May\, 2023)\n2024-06-11 The Offshore Dollar and US Policy by Robert McCauley (May\, 2024)\n2024-07-09 The (impossible) repo trinity: the political economy of repo markets by Daniela Gabor (2016)\n2024-08-07 A Safe Haven for Hidden Risks (May 30\, 2024) and Rate Transformation (November 4\, 2023) by Elham Saeidinezhad\n2024-08-20 The Collateral Supply Effect on Central Bank Policy by Carolyn Sissoko (2020)\n2024-09-10 Monetary Policy Implications of Market Maker of Last Resort Operations by Anil K Kashyap (August 23\, 2024)\n2024-11-05 BIS Bulletin No 90: The market turbulence and carry trade unwind of August 2024 (August 27\, 2024)\n2024-11-19 Yen Carry Trade and the Subprime Crisis by Masazumi Hattori and Hyun Song Shin (2009)\n2024-12-03 After the Allocation: What Role for the Special Drawing Rights System? by Pforr\, Pape\, and Murau (2022)\n2025-01-14 Where Profits Come From by the Levy Forecasting Center by Levy\, Farnham\, & Rajan (2008/1997)\n2025-01-28 The Broad Consequences of Narrow Banking by Matheus R. Grasseli and Alexander Lipton (2019)\n2025-02-11 Failing Banks by Sergio Correia\, Stephen Luck\, and Emil Verner (2024)\n2025-02-18 Odd Lots — The Hidden History of Eurodollars by Lev Menand and Joshua Younger (January 2025)\n2025-03-04 Of Last Resort: Evaluating the Treasury-Equity Model of Federal Reserve Emergency Lending by Steven Kelly (2024)\n2025-03-18 Commercial Banking and Capital Formation I–IV by Harold Moulton (1918)\n2025-04-01 Climate Alignment For Banks: The Stories That Numbers Tell by Nadav Orian Peer (2025) Author Discussion\n2025-04-15 Shadow Banking: Why Modern Money Markets are Less Stable Than 19th c. Money Markets But Shouldn’t Be Stabilized by a ‘Dealer of Last Resort’ by Carolyn Sissoko (2014)\n2025-04-29 Treasury Market and the Basis Trade (Adrian et al. 2025; Kashyap et al. 2025)\n2025-06-10 Structural Changes in the Global Financial System lecture by Hyun Song Shin (May 19\, 2025)\n2025-06-24 International Regimes\, Transactions\, and Change: Embedded Liberalism in the Postwar Economic Order by John Gerard Ruggie (1982)\n2025-07-15 BIS Annual Report Chapter: Financial conditions in a changing global financial system (2025)\n2025-07-22 Banks Are Intermediaries of Loanable Funds by George Selgin (2024)\n2025-07-29 Theorising non-bank financial intermediation by Jo Michell (2024)\n2025-08-05 Banks are different: why bank-based versus market-based lending is a false dichotomy by Carolyn Sissoko (2024)\n2025-09-08 Did France Cause the Great Depression? by Douglas A. Irwin (2010)\n2025-09-22 Rethinking Monetary Sovereignty: The Global Credit Money System and the State by Murau and van’t Klooster (2023)\n2025-10-06 Rethinking currency internationalisation: offshore money creation and the EU’s monetary governance by Murau and van’t Klooster (2025)\n2025-10-27 BIS Bulletin No 114: “Financial channel implications of a weaker dollar for emerging market economies” by Juselius\, Wooldridge and Xia (October 13\, 2025)\n2025-11-24 Bubble or Nothing: Data Center Project Finance by Advait Arun (November 12\, 2025)\n2025-12-08 Discussion of Debate over Whether Money Multiplier Requires Cash Lending\n2026-01-20 Gresham’s Law by Charles P. Kindleberger (1989)\n2026-02-03 The Law of One Price by Charles P. Kindleberger (1989)\n2026-02-17 Bank Runs With and Without Bank Failures by Correia\, Luck\, and Verner (2026)\n2026-03-03 Monetary Experience and the Theory of Money by John Hicks (1977)
URL:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-22/
LOCATION:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-22/
CATEGORIES:A series of zooms
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DTSTART;TZID=Europe/Paris:20260924T180000
DTEND;TZID=Europe/Paris:20260924T193000
DTSTAMP:20260405T074029
CREATED:20240117T145948Z
LAST-MODIFIED:20260306T170413Z
UID:10007969-1790272800-1790278200@heske.wisdmlabs.net
SUMMARY:Money and Finance Reading Group
DESCRIPTION:This reading group has been created to amplify and deep our knowledge on money and finance from a wide perspective that can embrace the complexity of money’s nature\, thus\, the complexity of the financial system and its dynamics. Moreover\, as it was cleverly unveiled by Émile Zola in his book L’Argent\, the first book discussed in this reading group\, money and finance are rooted in every sphere of human beings (social\, political\, religious\, personal\, etc.)\, therefore\, their inquiring and comprehension cannot neglect this this reality. \nThe reading group started with an initial selection of books proposed by Professor Jan Toporowski\, however\, the path we will walk together will be opened and determined by the interests and tastes of the group members. \nList of Readings: \nZola Émile\, L’Argent\, 1891      Discussed \nSchumpeter\, J.A.S. History of Economic Analysis\, Chapter 8 on ‘Money\, Credit and Cycles’.  This chapter will be divided in two sessions. The first session will be on 25/01/24 and include sections 1 – 5 (From page 1040 to page 1074)\, the second will be on 29/02/2024 and include sections 6 – 9 (From page 1074 to page 1101). Discussed \nDiscussion of Schumpeter’s Chapter with the contribution of Professor Jan Toporowski. Discussed \nChick\, V. ‘The Evolution of the Banking System and the Theory of Saving\, Investment and Interest’ Économies et Sociétés Série MP no. 3 1986 and Arestis and Dow (eds.) On Money\, Method and Keynes\, Selected Essays of Victoria Chick 1992. Discussed on 11/04/2024 \nFor the last session on Chick’s Paper we will have Sheila Dow. Discussed on 3 May 2023. \nToporowski\, J. Interest and Capital The Monetary Economics of Michał Kalecki Oxford 2022\, Part 1. Discussed on 30/05/2024 \nToporowski\, J. Interest and Capital The Monetary Economics of Michał Kalecki Oxford 2022. Discussed on 05/07/2024 \n\n\n\nToporowski\, J. ‘Marx’s Critical Notes on the Classical Theory of Interest’ in J. Dellheim and F.O. Wolf (eds.) The Unfinished System of Karl Marx Critically Reading Capital as a Challenge to our Times London: Palgrave Macmillan 2018. Discussed on 01/08/2024 \n\n\n\nMarx\, K.H. Grundrisse Chapter 1\, on Money . Discussed on Discussed on 24/10/2024 \nPaper presentation ““Kalecki-Levy Profit Equation and Money View Angles on Chinese Economy and Markets”\, by Shengbei Guo\, on 21/11/2024. \n\n\n\nMarx\, K.H. Capital Volume II Part 1\, Ch 1 and 2\, will be discussed on 26/12/2024. \n\nMarx\, K.H. Capital Volume II Part 1\, Ch 3 to 6\, discussed on 30/01/2025. \nOn Marx’s monetary theory talk given by Riccardo Bellofiore\, retired Professor of Economics at the University of Bergamo\, Italy\, who has authored and co-authored “Theory of Plus-Value”\, “Marx on Money”\, “Production\, Circulation and Money”\, within others. Discussed on 06/03/2025. \nBellofiore\, R.\, ‘The monetary aspects of the capitalist process in the Marxian system: an investigation from the point of view of the theory of the monetary circuit’ in Marx’s Theory of Money: Modern Appraisals 2005. Discussed on 27/03/2025 \nBellofiore\, R. ‘Money and development in Schumpeter’ 1985. Discussed on 24/04/2025 \n\nTalk with Riccardo Bellofiore about the monetary theories of Marx\, the Theory of the Monetary Circuit\, Schumpeter and a bit of Wicksell. To be discussed on 29/05/2025 \nHayek\, F.A. Monetary Theory and the Trade Cycle 1929 Ch 1 and 2. Discussed on 26/06/2025 \nHayek\, F.A. Monetary Theory and the Trade Cycle 1929 Ch 3\, 4 and 5. Discussed on 24/07/2025 \nHawtrey\, R. G. Good and Bad Trade or Currency and Credit 1919. From Ch 1 to  7\, inclusive. To be discussed on 04/09/2025 \nHawtrey\, R. G. Currency and Credit 1930. Ch 3 and 4. To be discussed on 25/09/2025 \nHawtrey\, R. G. Currency and Credit 1930. Ch 5\, 6\, 7 and 8. To be discussed on 30/10/2025 \nHawtrey\, R. G. Currency and Credit 1930. Ch 9\, 10\, 11. To be discussed on 04/12/2025 \nWicksell\, K. Interest and Prices 1936\, Introduction by Bertil Ohlin\, Preface and Introduction (Ch 1) \nWicksell\, K. Interest and Prices 1936\, Ch 2\, 3\, 4\, 5\, 6.
URL:https://heske.wisdmlabs.net/event/money-and-finance-reading-group/2026-09-24/
LOCATION:https://heske.wisdmlabs.net/event/money-and-finance-reading-group/2026-09-24/
CATEGORIES:A series of zooms
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DTSTART;TZID=America/New_York:20260929T140000
DTEND;TZID=America/New_York:20260929T153000
DTSTAMP:20260405T074029
CREATED:20231212T030110Z
LAST-MODIFIED:20260316T063624Z
UID:10008203-1790690400-1790695800@heske.wisdmlabs.net
SUMMARY:Money View Reading Group
DESCRIPTION:The Money View Reading Group reads and discusses writings 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 meet for 90 minutes via Zoom on Tuesdays at 2 pm Eastern Time US (New York).\n\nCurrent Book\n  \n\n\nBetween Payments and Credit: An Introduction to the IOU Economy by George Pantelopoulos (2025)\n  \n\nhttps://www.amazon.com/Between-Payments-Credit-Introduction-Economy-ebook/dp/B0FF3RR3T4/ \nFrom the description: \nIn unpacking credit relationships and payments over the past 1000 years in addition to how technological innovations are shifting the credit relationships/payments landscape – from barter\, commodity money\, single layered to dual-layered financial money systems and from CBDC to stablecoins – this book systematically explores the various techniques that have been introduced in an attempt to improve the organisation\, efficiency and stability of the IOU economy as a way to mitigate or prevent the universal challenge of the IOU economy from binding. \nPantelopolous says the “universal challenge” of an IOU economy is the scenario in which liquidity dries up. \n\n2026-03-10 — Discussion Session 1 (Ch 1–5) (Recording)\n\n\nUpcoming Sessions\n  \n\n\n2026-03-24 — 2:00pm EDT\n  \n\nWe discuss Chapters 6–10 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCorrespondent Banking: Part 1\n\n\n\n\nCorrespondent Banking: Part 2\n\n\n\n\nThe Central Bank as the LOLR\n\n\n\n\nThe International Monetary System: Part 1\n\n\n\n\nThe International Monetary System: Part 2\n\n\n\n\n2026-04-07 — 2:00pm EDT\n  \n\nWe discuss Chapters 11–13 of Pantelopoulos’s Between Payments and Credit. \n\n\n\nCentral Bank Digital Currencies (CBDC)\n\n\n\n\nThe Crypto-Verse: Terminologies and Technologies\n\n\n\n\nUnbacked Crypto-Assets and Stablecoins\n\n\n\n\nFuture Suggested Readings\n  \n\n\nAgainst Money by J.W. Mason and Arjun Jayadev (2026)\nOur Money: Monetary Policy as if Democracy Matters by Leah Downey (2025)\nThe History of Money: A Story of Humanity by David McWilliams (2025)\nAfter the Accord: A History of Federal Reserve Open Market Operations\, the US Government Securities Market\, and Treasury Debt Management from 1951 to 1979 by Kenneth D. Garbade (2021)\nHow a Ledger Became a Central Bank: A Monetary History of the Bank of Amsterdam by Quinn and Roberds (2023)\nA Study of Money Flows in the United States by Morris Copeland (1952)\nA History of the Greenbacks by Wesley Clair Mitchell (1903)\nCalming the Storms: The Carry Trade\, the Banking School and British Financial Crises Since 1825 by Charles Read (2023)\nBenjamin Strong: Central Banker by Lester V. Chandler (1958)\nAn Engine\, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie (2007)\nCurrency and Credit (4e) by Ralph Hawtrey (1950)\nThe Golden Age of the Quantity Theory by David Laidler (1991)\nCapitalizing on Crisis: The Political Origins of the Rise of Finance by Greta Krippner (2011)\nThe Federal Reserve System by Paul Warburg (1930)\nCentral Bank Capitalism: Monetary Policy in Times of Crisis by Joscha Wullweber (2024)\nIntroduction to Central Banking by Ulrich Bindseil and Alessio Fota (2021)\nThe Chairman: John J. McCloy & The Making of the American Establishment by Kai Bird (1992)\nManias\, Panics\, and Crashes (8e) by Robert McCauley (2023)\nThe Bailout State: Why Governments Rescue Banks\, Not People by Martijn Konings (2025)\n\n\nPast Readings with Discussion Recordings\n  \n\n\nMinsky by Daniel H. Neilson (2019)\n2021-03-24 — Discussion Session 1\n2021-03-31 — Discussion Session 2\n2021-04-07 — Discussion with Daniel Neilson\nThe Art of Central Banking (Chapter IV) by Ralph Hawtrey (1933)\n2021-04-21 — Discussion Session 1\n2021-05-05 — Discussion Session 2\n2021-05-26 — Discussion with David Glasner\nMaking Money: Coin\, Currency\, and the Coming of Capitalism by Christine Desan (2014)\n2021-06-02 — Discussion Session 1\n2021-06-16 — Discussion Session 2\n2021-06-30 — Discussion Session 3\n2021-07-14 — Discussion with Christine Desan\nMoney in a Theory of Finance by John G. Gurley\, Edward S. Shaw (1960)\n2021-07-21 — Discussion Session 1\n2021-08-04 — Discussion Session 2\n2021-08-18 — Discussion Session 3\nThe World in Depression\, 1929-1939 by Charles P. Kindleberger (1973)\n2021-09-01 — Discussion Session 1\n2021-09-15 — Discussion Session 2\n2021-09-29 — Discussion Session 3\nThe Rise of Carry by Jamie Lee et al (2019)\n2021-10-13 — Discussion Session 1\n2021-10-27 — Discussion Session 2\nThe Money Interest and the Public Interest by Perry Mehrling (1998)\n2021-11-10 — Discussion Session 1 | Allyn Young\n2021-11-24 — Discussion Session 2 | Alvin Hanson\n2021-12-08 — Discussion Session 3 | Edward Shaw\nControlling Credit by Eric Monnet (2018)\n2022-01-05 — Discussion Session 1\n2022-01-19 — Discussion Session 2\nThe Menace of Fiscal QE by George Selgin (2020)\n2022-02-02 — Discussion Session\nThe New Lombard Street by Perry Mehrling (2011)\n2022-02-23 — Discussion Session 1\n2022-03-09 — Discussion Session 2\n2022-03-23 — Discussion Session 3\nFighting Financial Crises: Learning from the Past by Gary Gorton\, Ellis Tallman (2021)\n2022-04-20 — Discussion Session 1\n2022-05-11 — Discussion Session 2\nMoney and empire: The international gold standard\, 1890-1914 by Marcello De Cecco (1974)\n2022-05-25 — Discussion Session 1\n2022-06-15 — Discussion Session 2\nCentral Bank Cooperation 1924-31 by Stephen Clarke (1967)\n2022-06-22 — Discussion Session 1\n2022-07-06 — Discussion Session 2\nThe Money Problem: Rethinking Financial Regulation by Morgan Ricks (2016)\n2022-07-27 — Discussion Session 1\n2022-08-10 — Discussion Session 2\n2022-08-17 — Discussion with Morgan Ricks\nThe Evolution of Central Banking: Theory and History by Stefano Ugolini (2017)\n2022-08-24 — Discussion Session 1\n2022-09-07 — Discussion Session 2\n2022-09-21 — Discussion Session 3\n2022-10-05 — Discussion with Stefano Ugolini\nA Financial History of Western Europe by Charles P. Kindleberger (1984\, 1993)\n2022-10-19 — Discussion Session 1 | Part 1: Money\n2022-11-02 — Discussion Session 2 | Part 2: Banking\n2022-11-16 — Discussion Session 3 | Part 3: Finance\n2023-01-11 — Discussion Session 4 | Part 4: The Interwar Period\n2023-01-18 — Discussion Session 5 | Part 5: After World War II\nMoney and Empire: Charles P. Kindleberger and the Dollar System by Perry Mehrling (2022)\n2022-11-30 — Discussion Session 1 | Part 1: Intellectual Formation\, 1910–1948\n2022-12-14 — Discussion Session 2 | Part 2: International Economist\, 1948–1976\n2022-12-21 — Discussion Session 3 | Part 3: Historical Economist\, 1976–2003\n2022-12-21 — Discussion #1 with Perry Mehrling\n2023-01-04 — Discussion #2 with Perry Mehrling\nBonds without Borders: A History of the Eurobond Market by Chris O’Malley (2015)\n2023-02-15 — Discussion Session 1\n2023-03-01 — Discussion Session 2\nMonetary Policy Operations and the Financial System by Ulrich Bindseil (2014)\n2023-03-15 — Discussion Session 1 (Ch 1-8)\n2023-03-29 — Discussion Session 2 (Ch 9-12)\n2023-04-12 — Discussion Session 3 (Ch 13-18)\nCapital Wars: The Rise of Global Liquidity by Michael J. Howell (2020)\n2023-04-26 — Discussion Session 1 (Ch 1-7)\n2023-05-10 — Discussion Session 2 (Ch 8-14)\nA Market Theory of Money by John Hicks (1989)\n2023-05-24 — Discussion Session 1 (Ch 1-7)\n2023-06-07 — Discussion Session 2 (Ch 8-15)\nThe Currency of Politics: The Political Theory of Money from Aristotle to Keynes by Stefan Eich (2022)\n2023-06-28 — Discussion Session 1 (Ch 1 & 2)\n2023-07-19 — Discussion Session 2 (Ch 3 & 4)\n2023-08-02 — Discussion Session 3 (Ch 5 & 6)\n2023-08-14 — Discussion with Stefan Eich\nFischer Black and the Revolutionary Idea of Finance by Perry Mehrling (2005)\n2023-08-22 — Discussion Session 1 (Ch 1–5)\n2023-09-05 — Discussion Session 2 (Ch 6–8)\n2023-09-19 — Discussion Session 3 (Ch 9–11)\n2023-09-26 — Discussion with Perry Mehrling\nThe Evolution of Central Banks by Charles Goodhart (1988)\n2023-10-03 — Discussion Session 1 (Ch 1–6)\n2023-10-17 — Discussion Session 2 (Ch 7–8\, Appendix)\nThe Repo Market: Shorts\, Shortages\, and Squeezes by Scott Skyrm (2023)\n2023-11-07 — Discussion Session 1 (pages 1–92)\n2023-11-21 — Discussion Session 2 (pages 93–186)\n2023-12-05 — Discussion Session 3 (pages 187–310) Part 1 — Part 2\n2023-12-12 — Discussion with Scott Skyrm From 39:20\nThe Volatility Machine: Emerging Economies and the Threat of Financial Collapse by Michael Pettis (2001)\n2023-12-19 — Discussion Session 1 (Ch 1–5)\n2024-01-02 — Discussion Session 2 (Ch 6–10)\n2024-01-09 — Discussion with Michael Pettis\nInternational Capital Movements by Charles P. Kindleberger (1987)\n2024-01-16 — Discussion Session 1 (Ch 1 & 2)\n2024-01-30 — Discussion Session 2 (Ch 3 & 4)\nA Political Theory of Money by Anush Kapadia (2024)\n2024-02-20 — Discussion Session 1 (Ch 1–4)\n2024-03-05 — Discussion Session 2 (Ch 5–7)\n2024-03-19 — Discussion Session 3 (Ch 8–12)\n2024-03-26 — Discussion with Anush Kapadia\nThe Rise of Central Banks: State Power in Financial Capitalism by Leon Wansleben (2023)\n2024-04-02 — Discussion Session 1 (Ch 1–3)\n2024-04-23 — Discussion Session 2 (Ch 4–6)\n2024-05-07 — Discussion with Leon Wansleben\nThe Money Illusion: Market Monetarism\, the Great Recession\, and the Future of Monetary Policy by Scott Sumner (2021)\n2024-05-14 — Discussion Session 1 (Parts 1 & 2)\n2024-05-28 — Discussion Session 2 (Parts 3 & 4)\n2024-06-18 — Discussion Session 3 (Parts 5 & 6)\n2024-06-25 — Discussion with Scott Sumner\nPrivate Money and Public Currencies: The Sixteenth Century Challenge: The Sixteenth Century Challenge by Boyer-Xambeu\, Deleplace\, and Gillard (1994)\n2024-07-02 — Discussion Session 1 (Ch 1–3)\n2024-07-16 — Discussion Session 2 (Ch 4 & 5)\n2024-07-30 — Discussion Session 3 (Ch 6\, 7 & Conclusion)\nThe Arena of International Finance by Charles A. Coombs (1976)\n2024-08-13 — Discussion Session 1 (Ch 1ー6)\n2024-08-27 — Discussion Session 2 (Ch 7–12)\nThe Bill on London: or The Finance of Trade by Bills of Exchange by Gillett Brothers (1952/1976)\n2024-09-17 — Discussion Session\nBirth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression by Kenneth D. Garbade (2012)\n2024-10-01 — Discussion Session 1 (Ch 1–10)\n2024-10-15 — Discussion Session 2 (Ch 11–15)\n2024-10-29 — Discussion Session 3 (Ch 16–24)\nA Monetary and Fiscal History of the United States\, 1961–2021 by Alan S. Blinder (2022)\n2024-11-12 — Discussion Session 1 (Ch 1–7)\n2024-11-26 — Discussion Session 2 (Ch 8–13)\n2024-12-10 — Discussion Session 3 (Ch 14–19)\nBuilding a Ruin: The Cold War Politics of Soviet Economic Reform by Yakov Feygin (2024)\n2025-01-07 — Discussion Session 1 (Ch 1–3)\n2025-01-21 — Discussion Session 2 (Ch 4–6)\n2025-02-04 — Discussion Session 3 (Ch 7 & Afterword)\nA Crash Course on Crises: Macroeconomic Concepts for Run-Ups\, Collapses\, and Recoveries by Markus K. Brunnermeier and Ricardo Reis (2023)\n2025-02-25 — Discussion Session 1 (Parts 1 and 2)\n2025-03-11 — Discussion Session 2 (Parts 3 and 4)\nThe Empire of Value: A New Foundation for Economics by Andre Orlean (2014)\n2025-03-25 — Discussion Session 1 (Introduction and Part 1) Part 1 — Part 2\n2025-04-08 — Discussion Session 2 (Parts 2 and 3)\n2025-04-22 — Discussion Session 3 (Part 4 and Conclusion)\nThe Wheels of Commerce by Fernand Braudel (1979/1982)\n2025-05-06 — Discussion Session 1 (Chapter 1)\n2025-05-13 — Discussion Session 2 (Chapter 2)\n2025-05-20 — Discussion Session 3 (Chapter 3)\n2025-05-27 — Discussion Session 4 (Chapter 4)\n2025-06-03 — Discussion Session 5 (Chapter 5)\nBeyond Banks: Technology\, Regulation\, and the Future of Money by Dan Awrey (2024)\n2025-06-17 — Discussion Session 1 (Intro & Ch 1–3)\n2025-07-01 — Discussion Session 5 (Ch 4–7 & Conclusion)\n2025-07-08 — Discussion with Dan Awrey\nOur Dollar\, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance by Kenneth Rogoff (2025)\n2025-08-19— Discussion Session 1 (Parts 1-3)\n2025-08-26 — Discussion Session 2 (Parts 4-6)\nCentral Banking Before 1800: A Rehabilitation by Ulrich Bindseil (2019)\n2025-09-01 — Discussion Session 1 (Ch 1&2)\n2025-09-15 — Discussion Session 2 (Ch 3–5)\n2025-09-29 — Discussion Session 3 (Ch 6&7)\n2025-10-13 — Discussion with Ulrich Bindseil\nThe Long Twentieth Century: Money\, Power and the Origins of Our Times by Giovanni Arrighi (2010)\n2025-10-20 — Discussion Session 1 (Ch 1&2)\n2025-11-03 — Discussion Session 2 (Ch 3)\n2025-11-10 — Discussion Session 3 (Ch 4)\nFragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles W. Calomiris and Stephen Haber (2014)\n2025-11-17 — Discussion Session 1 (Ch 1–5)\n2025-12-01 — Discussion Session 2 (Ch 6-9)\n2025-12-15 — Discussion Session 3 (Ch 10–15)\n2026-01-05 — Discussion with Charles Calomiris\nTreatise on Money by Joseph Schumpeter (1970/2014)\n2026-01-12 — Discussion Session 1 (Ch 1–3)\n2026-01-27 — Discussion Session 2 (Ch 4–7)\n2026-02-10 — Discussion Session 3 (Ch 8–10)\n2026-02-24 — Discussion Session 4 (Ch 11–12)\n\n\nOff-Week Sessions\n  \n\n2021-05-19 BIS Working Paper: Breaking free of the triple coincidence in international finance (2015)\n2021-07-07 Global Domain of the Dollar: 8 Questions by Robert McCauley Author Discussion\n2021-07-28 BIS and Bank of England reports on Central Bank Digital Currencies\n2022-09-28 The Crypto Banking System by Sébastien Derivaux (2022) Author Discussion\n2023-04-05 Discussion of Silicon Valley Bank\n2023-04-19 Institutional Cash Pools by Zoltan Pozsar (2011)\n2023-05-03 BIS Bulletin #73: Stablecoins vs. Tokenized Deposits (May 3\, 2023)\n2023-07-05 The Credit–Money Hierarchy: a Republican \, Egalitarian Appraisal by Aaron James (2023)\n2023-07-26 Public Purpose Finance: The Government’s Role as Lender by Nadav Orian Peer (2020) Author Discussion 2023-10-24 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 1\n2023-10-31 Money and the Public Debt by Lev Menand and Joshua Younger (2023) | 2\n2023-11-14 ICMA Repo FAQ by Richard Comotto (2013/2019)\n2023-11-28 Basis Trades and Treasury Market Illiquidity by Daniel Barth & Jay Kahn (2020)\n2024-01-23 Capital flows and the current account by Borio and Disyatat (2015)\n2024-02-13 The dual currency system of Renaissance Europe by Luca Fantacci (2008)\n2024-02-27 BIS: Buy now\, pay later: a cross-country analysis by Cornelli et al. (2023)\n2024-03-12 The non-use of money in the Middle Ages by Bell\, Brooks\, and Moore (2017)\n2024-04-09 The Central Role of Credit Crunches in Recent Financial History by Albert M. Wojnilower (1980)\n2024-04-16 Measuring Equilibrium in the Balance of Payments by Charles P. Kindleberger (1969)\n2024-04-30 The Rise and Risks of Private Credit — GFSR (April\, 2024)\n2024-06-04 BIS Working Paper No 1100: Getting up from the floor by Claudio Borio (May\, 2023)\n2024-06-11 The Offshore Dollar and US Policy by Robert McCauley (May\, 2024)\n2024-07-09 The (impossible) repo trinity: the political economy of repo markets by Daniela Gabor (2016)\n2024-08-07 A Safe Haven for Hidden Risks (May 30\, 2024) and Rate Transformation (November 4\, 2023) by Elham Saeidinezhad\n2024-08-20 The Collateral Supply Effect on Central Bank Policy by Carolyn Sissoko (2020)\n2024-09-10 Monetary Policy Implications of Market Maker of Last Resort Operations by Anil K Kashyap (August 23\, 2024)\n2024-11-05 BIS Bulletin No 90: The market turbulence and carry trade unwind of August 2024 (August 27\, 2024)\n2024-11-19 Yen Carry Trade and the Subprime Crisis by Masazumi Hattori and Hyun Song Shin (2009)\n2024-12-03 After the Allocation: What Role for the Special Drawing Rights System? by Pforr\, Pape\, and Murau (2022)\n2025-01-14 Where Profits Come From by the Levy Forecasting Center by Levy\, Farnham\, & Rajan (2008/1997)\n2025-01-28 The Broad Consequences of Narrow Banking by Matheus R. Grasseli and Alexander Lipton (2019)\n2025-02-11 Failing Banks by Sergio Correia\, Stephen Luck\, and Emil Verner (2024)\n2025-02-18 Odd Lots — The Hidden History of Eurodollars by Lev Menand and Joshua Younger (January 2025)\n2025-03-04 Of Last Resort: Evaluating the Treasury-Equity Model of Federal Reserve Emergency Lending by Steven Kelly (2024)\n2025-03-18 Commercial Banking and Capital Formation I–IV by Harold Moulton (1918)\n2025-04-01 Climate Alignment For Banks: The Stories That Numbers Tell by Nadav Orian Peer (2025) Author Discussion\n2025-04-15 Shadow Banking: Why Modern Money Markets are Less Stable Than 19th c. Money Markets But Shouldn’t Be Stabilized by a ‘Dealer of Last Resort’ by Carolyn Sissoko (2014)\n2025-04-29 Treasury Market and the Basis Trade (Adrian et al. 2025; Kashyap et al. 2025)\n2025-06-10 Structural Changes in the Global Financial System lecture by Hyun Song Shin (May 19\, 2025)\n2025-06-24 International Regimes\, Transactions\, and Change: Embedded Liberalism in the Postwar Economic Order by John Gerard Ruggie (1982)\n2025-07-15 BIS Annual Report Chapter: Financial conditions in a changing global financial system (2025)\n2025-07-22 Banks Are Intermediaries of Loanable Funds by George Selgin (2024)\n2025-07-29 Theorising non-bank financial intermediation by Jo Michell (2024)\n2025-08-05 Banks are different: why bank-based versus market-based lending is a false dichotomy by Carolyn Sissoko (2024)\n2025-09-08 Did France Cause the Great Depression? by Douglas A. Irwin (2010)\n2025-09-22 Rethinking Monetary Sovereignty: The Global Credit Money System and the State by Murau and van’t Klooster (2023)\n2025-10-06 Rethinking currency internationalisation: offshore money creation and the EU’s monetary governance by Murau and van’t Klooster (2025)\n2025-10-27 BIS Bulletin No 114: “Financial channel implications of a weaker dollar for emerging market economies” by Juselius\, Wooldridge and Xia (October 13\, 2025)\n2025-11-24 Bubble or Nothing: Data Center Project Finance by Advait Arun (November 12\, 2025)\n2025-12-08 Discussion of Debate over Whether Money Multiplier Requires Cash Lending\n2026-01-20 Gresham’s Law by Charles P. Kindleberger (1989)\n2026-02-03 The Law of One Price by Charles P. Kindleberger (1989)\n2026-02-17 Bank Runs With and Without Bank Failures by Correia\, Luck\, and Verner (2026)\n2026-03-03 Monetary Experience and the Theory of Money by John Hicks (1977)
URL:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-29/
LOCATION:https://heske.wisdmlabs.net/event/money-view-reading-group/2026-09-29/
CATEGORIES:A series of zooms
ATTACH;FMTTYPE=image/png:https://heske.wisdmlabs.net/wp-content/uploads/2023/12/lecture2-p4x2-hierarchy-pyramid-dynamics.png
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