Debates on the Nature of Money

[1] Post-Keynesian economics: Modern Money as Credit

Ingham, G. (2004). The Nature of Money.Cambridge, UK: Polity Press.

 

[2] Austrian School of Economics: Modern Bank Money as Fiduciary Media

Huerta de Soto, J. (2009). Money, Bank Credit, and Economic Cycles. Auburn: Ludwig Von Mises Institute. Click to download

Hoppe, H.-H., Hűlsmann, J. G., & Block, W. (1998). Against Fiduciary Media. Quarterly Journal of Austrian Economics , 1 (1), 19-50. Click to download.

 

[3] A Legal Theory of Finance: Modern Money is legally constructed.

Pistor, Katharina, A Legal Theory of Finance. Journal of Comparative Economics, 41 (2013), 315–330. Click to download.

Kim, J. (2011). How Modern Banking Originated: The London Goldsmith-Bankers’ Institutionalisation of Trust. Business History, 53 (6), 939-959. Click to download.

 

On Shadow Banking

Gorton, G., & Metrick, A. (2010). Regulating the Shadow Banking System. Brookings Papers on Economic Activity, 261-312.

Financial Crisis Inquiry Commission (FCIC). (2011). The Financial Crisis Inquiry Report. http://fcic.law.stanford.edu/report.

Sissoko, C. (2010). The legal foundations of financial collapse. Journal of Financial Economic Policy, 2(1), 5-34.

Schroeder, J. L. (1996). Repo Madness: The Characterization of Repurchase Agreements under the Bankruptcy Code and the U.C.C. Syracuse Law Review, 46, 999-1050.

Kathryn C. Lavelle, The Foundations Of Regulatory Convergence And Divergence Between The Federal Reserve And European Central Bank. Georgetown Journal of International Law, 45 (4). http://www.law.georgetown.edu/academics/law-journals/gjil/recent/upload/zsx00414001137.PDF

Other Legal Theories on Finance

Cotterrell, R. (1987). Power, Property and the Law of Trusts. Journal of Law and Society 14 (1), 77-90.

Ireland, P. (1999). Company Law and the Myth of Shareholder Ownership. The Modern Law Review, 62(1), 32-57.

Pennington, R. (1989). Can Shares in Companies Be Defined? The Company Lawyer, 10(7), 140-144.