Banking
-
15 years after Lehman Bros. collapse, major banking overhaul still needed, former Treasury advisers warn
A Vanderbilt Policy Accelerator for Political Economy and Regulation paper argues that banks should be treated as public utilities, like electricity and other essential services. The white paper by Vanderbilt Law professor Morgan Ricks and Columbia Law professor Lev Menand is the first policy proposal released by VPA, a Discovery Vanderbilt initiative. Read MoreSep 14, 2023
-
Panic-proofing, not preventing bubbles, should be focus of U.S. financial policy
A Vanderbilt law professor says Wall Street should be required to make a simple change to protect itself from runs on the market like that in 2008: eliminate the use of short-term debt to fund investments. Read MoreMay 9, 2016
-
How to avoid another financial meltdown like 2008-2009
Tighter regulation of financial institutions - especially "shadow" banking institutions - is needed to avoid another economic disaster like that of 2008-2009, says economist Margaret Blair of Vanderbilt Law School. Read MoreDec 3, 2013