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Morgan Ricks

Professor of Law

Morgan Ricks studies financial regulation. From 2009-10, he was a senior policy advisor and financial restructuring expert at the U.S. Treasury Department, where he focused primarily on financial stability initiatives and capital markets policy. Before joining the Treasury Department, he was a risk-arbitrage trader at Citadel Investment Group, a Chicago-based hedge fund. He previously served as a vice president in the investment banking division of Merrill Lynch & Co., where he specialized in strategic and capital-raising transactions for financial services companies. He began his career as a mergers and acquisitions attorney at Wachtell Lipton Rosen & Katz.

Research Interests

Financial institutions, financial stability, capital markets regulation and corporate finance

Representative Publications

  • The Money Problem: Rethinking Financial Regulation, University of Chicago Press (2016)
  • "Safety First? The Deceptive Allure of Full Reserve Banking," University of Chicago Law Review Online (forthcoming 2016)
    Full Text | SSRN
  • "Entry Restriction, Shadow Banking, and the Structure of Monetary Institutions," Journal of Financial Regulation (forthcoming 2016)
    Full Text | SSRN
  • "A Simpler Approach to Financial Reform," Regulation (Winter 2013-2014)
    Full Text | SSRN
  • "The Case for Regulating the Shadow Banking System" in Too Big to Fail? Resolving Large Troubled Financial Institutions in the Future, Brookings Institution Press (2012)
  • "Money and (Shadow) Banking: A Thought Experiment," 31 Review of Banking and Financial Law 731 (2012)
    Full Text | SSRN | HEIN
  • "Reforming the Short-Term Funding Markets," Harvard John M. Olin Discussion Paper, No. 713 (2012)
    Full Text | SSRN
  • "Regulating Money Creation after the Crisis," 1 Harvard Business Law Review 75 (2011)
    Full Text | HEIN
  • "A Regulatory Design for Monetary Stability," 65 Vanderbilt Law Review 1287 (2012)
    Full Text | SSRN | HEIN
  • "Shadow Banking and Financial Regulation," Columbia Law and Economics Working Paper No. 370 (2010)
    Full Text | SSRN