This seminar will examine the relationship between money markets, and contract and payments law. It will offer an historical and contemporary overview of different forms of financial instruments and the legal principles that have guided their evolution, as well as the evolution of their markets. Questions to be addressed include:
What is the function and design of money markets?
How are financial instruments - i.e. money, bonds and stocks - legally created and enforced?
How have financial instruments evolved over time, and what role has law played in that evolutionary process?
Moderator: Jeffrey Gordon, Richard Paul Richman Professor of Law & Co-Director, Richard Paul Richman Center for Business, Law and Public Policy
Joseph Sommer, Counsel, Federal Reserve Bank
Zoltan Pozsar, Senior Adviser, U.S. Department of Treasury & Visiting Scholar, International Monetary Fund
Marshall Auerback, Director of Institutional Partnerships, Institute for New Economic Thinking & Research Fellow, Levy Economics Institute of Bard College