Visionaries and Pragmatism in Financial Regulation

By Kathryn Judge November 29, 2017 by renholding

In a world of “alternative facts” and political rhetoric crafted to mislead, it is easy to forget that idealized visions can at times illuminate more than they obfuscate. In a book review recently published in Harvard Law Review and available …

Understanding Runs in the Shadow Banking System

By Kathryn Judge December 5, 2016 by renholding

There are two established explanations for bank runs: coordination problems among depositors and information asymmetries between bank managers and depositors. In a new paper, “Information Gaps and Shadow Banking,” forthcoming in the Virginia Law Review and available here, I …

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Visionaries and Pragmatism in Financial Regulation

Understanding Runs in the Shadow Banking System