Dan Awrey is a professor of law at Cornell Law School, a financial markets regulation scholar, and the editor of the Journal of Financial Regulation. Dan joins David on Macro Musings to discuss how to promote greater financial innovation, financial inclusion, and alleviate the "too big to fail" problem by safely unbundling banking, money, and payments in our financial system. Dan and David also go on to discuss tensions in the global shadow banking system, the history of how banks evolved to play such a central role in our financial system, how the law has reinforced this bundling of the banks' roles, and much more.

Transcript of the episode can be found here.

Dan's Twitter: @DanAwrey

Dan's Cornell Law Profile: https://www.law.columbia.edu/faculty/daniel-awrey

Related Links:

*Unbundling Banking, Payments and Money* by Dan Awrey

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3776739

*Brother, Can You Spare a Dollar? Designing an Effective Framework for Foreign Currency Liquidity Assistance* by Dan Awrey

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2955763

*The Money Problem* by Morgan Ricks

https://press.uchicago.edu/ucp/books/book/chicago/M/bo22438821.html

David's blog: macromarketmusings.blogspot.com

David's Twitter: @DavidBeckworth