Perry G. Mehrling

Involvement

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.


By this expert

Learning to think about shadow banking

Article | May 30, 2016

Why most economists did not see the 2008 crash coming

Independence vs. Accountability in the Evolution of the Fed

Article | May 16, 2016

Peter Conti Brown’s new book explores and debunks a powerful meme shaping public understanding of the role of the Fed

Shadow banking’s enduring perils

Article | May 9, 2016

Five lessons from the last crisis — for managing the next one

RMB in SDR, Now What?

Article | Dec 2, 2015

“Governments propose, markets dispose,” as Charles Kindleberger liked to say.

Featuring this expert

The Next Economic Frontier and the Wild World of Non-Rational Expectations

Video | Jan 14, 2013

One of the fundamental ideas of modern economics — that people have rational expectations, an unbiased, statistically correct view of the future — is, in reality, a simple hypothesis.

Behind the Scenes of International Banking Regulation

Video | Jan 7, 2013

Five years into the Great Recession, discussion and political fights continue about the right approach to international banking supervision. How to avert the next financial crisis or at the very least lessen its damage?

Azim Premji Winter School 2013

Event Workshop | Jan 6–17, 2013

The Azim Premji University-Institute for Economic Thinking Advanced Graduate Workshop in Poverty, Development and Globalization is interested in identifying the complex global interactions that influence poverty and development as well as the development strategies that have proven successful in promoting equitable growth, promoting capabilities, and reducing poverty.

The Survival of the Riskiest

Video | Jan 2, 2013

Financial fragility does not fall from the sky. That’s why treating risk as if it comes from exogenous shocks can’t capture the reality of financial markets.