The recent crisis revealed that our regulatory apparatus was unequal to the task of ensuring the stability of the financial system. The recent Dodd-Frank bill represents one attempt to remedy this deficiency. Will it succeed? This seminar will examine a range of potential tools for enhancing the stability of the financial system, such as: higher capital requirements, 'systemic" supervision, restrictions on risk-taking, orderly liquidation authority for systemic financial firms, deposit insurance, emergency response tools, and enhanced disclosure, as well as innovative contemporary proposals. Readings will primarily consist of scholarly articles and working papers. Enrollment limited.