Vanderbilt Law School Background Image

Morgan Ricks

Professor of Law
Enterprise Scholar 2019-21

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

  • "A Public Option for Bank Accounts (or Central Banking for All)," in Inside Money, ed. Christine Desan (U. Penn. Press, forthcoming 2019) (with John Crawford & Lev Menand)
    Full Text | SSRN
  • "Money as Infrastructure," 2018 Columbia Business Law Review 757
    Full Text | WWW
  • "Organizational Law as Commitment Device," 70 Vanderbilt Law Review 1303 (2017) (reprinted in 59 Corporate Practice Commentator 669 (2018))
    Full Text | WWW
  • 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 (2016)
    Full Text | SSRN
  • "Entry Restriction, Shadow Banking, and the Structure of Monetary Institutions," Journal of Financial Regulation (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
  • "Regulating Money Creation after the Crisis," 1 Harvard Business Law Review 75 (2011)
    Full Text | HEIN