A Legal Theory of Finance

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Speaking to the people? Money, trust, and central bank legitimacy in the age of quantitative easing (2016, background): “This relative safety is qualified by the risk of exchange rate devaluation, depending on the position of a currency on the center-periphery continuum of the international monetary system (Pistor, 2013).”
Central banking and the infrastructural power of finance: the case of ECB support for repo and securitization markets (2020, background): “Central banks have always occupied a hybrid position, perched precariously between the state and the financial system (Mehrling, 2010; Knafo 2013; Pistor, 2013).”