Perry G. Mehrling


Perry G. Mehrling is professor of economics at Pardee School of Global Studies at Boston University. He was professor of economics at Barnard College in New York City for 30 years. There, he taught courses on the economics of money and banking, the history of money and finance, and the financial dimensions of the U.S. retirement, health, and education systems. His most recent book is The New Lombard Street: How the Fed became the dealer of last resort (Princeton 2011). His best-known book Fischer Black and the Revolutionary Idea of Finance (Wiley 2005, 2012) has recently been released in a revised paperback edition. Currently, Prof. Mehrling directs the educational initiatives of the Institute for New Economic Thinking, one of which is his course Economics of Money and Banking, available on Coursera at

By this expert

Bagehot on Money: A Bridge Between Bankers and Economists?

Article | Jan 22, 2024

Reinterpreting Bagehot’s mature work as the origin of the key currency tradition

Bagehot’s Classical Money View: A Reconstruction

Paper Working Paper | | Jan 2024

Read in the context of his time, Bagehot’s book Lombard Street appears as an attempt above all to reveal the dynamic of globalization when global money was sterling.

The Rise of the Global Dollar System

Article | Jan 11, 2023

Why does the apparently prescient and correct “key currency” view remain an embattled minority view?

Featuring this expert

YSI Conference on Debt Sustainability

YSI Event Conference YSI | Apr 28–30, 2023

Discussions on the key conceptual and policy themes for sovereign debt sustainability with a view to proposing possible policy reforms.

Meet the Man Who Helped Make the Dollar the World’s Currency

Article | Feb 23, 2023

Perry Mehrling’s new book traces the rise of the dollar through the life and career of influential economist Charles Kindleberger

5th Annual UNCTAD-YSI Summer School

Challenges and Opportunities of a New International Economic Order

YSI Event Workshop YSI | Aug 1–6, 2022

The 5th UNCTAD YSI Summer School provides an opportunity to explore the Challenges and Opportunities of a New International Economic Order. The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates.

YSI North America Convening

YSI Event Regional Convening YSI | Feb 22–24, 2019

On February 22-24, 2019, the Young Scholars Initiative (YSI) will host its North America Convening in Los Angeles.