Perry G. Mehrling, Professor of Economics, joined the faculty of Barnard College in 1987, where he teaches 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 www.coursera.org/course/money.
Perry G. Mehrling
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Heterodoxy and The Economist
When I started this blog, almost exactly one year ago today, my thought was to provide commentary on the financial events of the day, using the Financial Times as my primary source of information about those events.
John Whittaker: Eurosystem balances explained
[The following guest post is by John Whittaker, from whom we have learned much of what we know about how the European payments system works. See his terrific papers here and here, both of which reward close study. He has been looking over the last couple Money View posts, and the comments to those posts, and has this to say.]
The IMF and the Collateral Crunch
Why is the IMF getting involved in the Eurocrisis, and why is its involvement taking the form of lending to individual member states of the Eurozone?
First the ECB, then the IMF, Part One
The fact of the matter is that European bank funding markets are collapsing onto the ECB balance sheet.
Featuring this expert
Why Is There a Nobel Memorial Prize in Economics?
The Nobel Memorial Prize defines high achievement in economics, and it validates the discipline’s claim for scientific authority. And yet, historically, it can be understood as a reflection of domestic policy conflicts in Sweden.
Banks: How Big Is too Big?
We all know it: The financial sector is bloated and banks are too big to fail. But just how bloated is it, and how much should it be shrunk?
How to Avoid Herding in Research
An individual fish reduces the danger to itself by swimming as close as possible to the center of the school. That is how schools hold together.
What Finance (and Economics) Can Learn from Law
Without law and legal institutions, financial markets won’t work. That’s what economists discovered about 15 years ago, when former socialist countries turned towards capitalism.