News in Systemic Risk: Tuesday, May 18, 2021 (10 a.m. ET) May 18, 2021 Do we need ‘public money’? (Jon Cunliffe; Bank of England) The Legal Origins of Financial Development: Evidence from the Shanghai Concessions (Ross Levine, Chen Lin, Chicheng Ma, Yuchen Xu; National Bureau of Economic Research) Central bank communication: Remember who’s talking (In Do Hwang, Thomas Lustenberger, Enzo Rossi; VoxEU) Cash infrastructure as public good – implications for the cash cycle (Martina Horáková; Central Banking)