The Law of Monetary and Financial Institutions
Course Information
- Course Number
- L6391
- Curriculum Level
- Upperclass
- Areas of Study
- Administrative Law and Public Policy, Corporate Law, Business, and Finance
- Type
- Lecture
Section 001 Information
Instructor
Lev Menand
Associate Professor of Law
Section Description
This course examines the law of monetary and financial institutions in the United States. It covers the legal framework governing money and banking, including its conceptual foundations, history, and political economy; the rise of shadow banks and the global dollar system; and the causes and consequences of 2008 and 2020 financial panics. The course also considers current policy debates regarding stablecoins and cryptocurrency, central bank digital currency, payment systems, the regulation of financial technology companies, and the role of the Federal Reserve.
- School Year & Semester
- Fall 2023
- Location
- WJWH L107
- Schedule
-
Class meets on
- Monday
- Wednesday
- Points
- 3
- Method of Evaluation
- Exam
- J.D Writing Credit?
- No
Learning Outcomes
- Primary
-
- Students will gain a basic understanding of money and banking and the development of the global dollar financial system.
- Students will learn about the U.S. legal framework for banks and bank holding companies, including the political, social, and economic forces that have shaped that framework.
- Students will learn about central banks, broker dealers, money market funds, money transmitters, and cryptocurrencies and how their regulation and operation interacts with the legal framework for banks and banking.
Course Limitations
- Instructor Pre-requisites
- None
- Instructor Co-Requisites
- None
- Requires Permission
- No
- Recommended Courses
- Legislation and Regulation
- Other Limitations
- None