Reforming U.S. Financial Markets

“In this extremely readable and thought-provoking volume, two of America’s leading financial experts provide an excellent roadmap to financial reform after Dodd-Frank. Their recommendations make this a timeless must-read for everyone concerned with the efficiency and stability of our financial markets and institutions.” Robert E. Litan , Vice President, Research and Policy, The Kauffman Foundation, and Senior Fellow, Economic Studies, The Brookings Institution “Much of the literature on the financial crisis finds economists talking past one another. It is refreshing, therefore, to find some of our leading economists engaging one another, thoughtfully and fully, in this volume. Their fundamental concern is how to ensure that finance serves society rather than the other way around. Their contributions to answering this question should help to point discussions of post-crisis reform in a more productive direction.” Barry Eichengreen , George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley

Randall S. Kroszner is Norman R. Bobins Professor of Economics in the University of Chicago’s Booth School of Business. He served as a Governor of the Federal Reserve System from March 2006 until January 2009.Robert J. Shiller is Sterling Professor of Economics at Yale University. He is the author of Finance and the Good Society and other books.Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth.Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth.Robert J. Shiller is Sterling Professor of Economics at Yale University. He is the author of Finance and the Good Society and other books.Randall S. Kroszner is Norman R. Bobins Professor of Economics in the University of Chicago’s Booth School of Business. He served as a Governor of the Federal Reserve System from March 2006 until January 2009.George G. Kaufman is John F. Smith, Jr. Professor of Economics and Finance at Loyola University in Chicago and a consultant at the Federal Reserve Bank of Chicago.Hal S. Scott is Nomura Professor and Director of the Program on International Financial Systems (PIFS) at Harvard Law School. He is Director of the Committee on Capital Markets Regulation, a research organization.Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth.Robert J. Shiller is Sterling Professor of Economics at Yale University. He is the author of Finance and the Good Society and other books.Randall S. Kroszner is Norman R. Bobins Professor of Economics in the University of Chicago’s Booth School of Business. He served as a Governor of the Federal Reserve System from March 2006 until January 2009.Robert J. Shiller is Sterling Professor of Economics at Yale University. He is the author of Finance and the Good Society and other books.

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