Lev Menand

Jul 15, 2024 | yalejreg.com | Lev Menand |Morgan Ricks

Under the New Deal framework for money and payments—which had its roots in the National Bank Act of 1864—banks in the United States were governed in many respects as public utilities. Charters were available only where they were consistent with public convenience and need, the usual standard for utilities. Banks enjoyed an exclusive privilege to augment the money supply, maintaining deposit account balances that house-holds and businesses could use as a means of payment and store of value.

Jun 13, 2024 | rooseveltinstitute.org | Lev Menand |Emily DiVito |Morgan Ricks |John Crawford

IntroductionIn March and April 2023, the American system of money and banking teetered on the brink of collapse. Several large banks failed—including Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank—but the real story was the extent of the ad hoc government interventions required to prevent a wider unraveling.

Apr 23, 2024 | yalejreg.com | Lev Menand |Tim Wu

On April 23, 2024, the FTC finalized a trade regulation rule prohibiting employers from enforcing non-compete agreements against workers. In response, and Daniel Crane, a law professor at the University of Michigan, published a piece in Notice and Comment that reported on the views of 17 anonymous online volunteers regarding the fate of the rule in the courts.

Feb 23, 2024 | imf.org | Tobias Adrian |Lev Menand

A New Measure of Central Bank Independence Author/Editor: Tobias Adrian ; Ashraf Khan ; Lev Menand Publication Date: February 23, 2024 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate.

Sep 14, 2023 | washingtonpost.com | Lev Menand |Morgan Ricks

Lev Menand is a professor at Columbia Law School, a fellow at the Roosevelt Institute and the author of “The Fed Unbound: Central Banking in a Time of Crisis.” Morgan Ricks is a professor at Vanderbilt Law School and the author of “The Money Problem: Rethinking Financial Regulation.” It has been 15 years since Lehman Brothers collapsed and financial panic turned a mild recession into a great one, yet the American financial system still depends on government rescues to avoid catastrophic...