Perry G. Mehrling


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

By this expert

-varn6-RMB in SDR, Now What?

-varn7-Article | Dec 2, 2015 -varn13-

-varn14- “Governments propose, markets dispose,” as Charles Kindleberger liked to say.

-varn6-Elasticity and Discipline in the Global Swap Network

-varn7-Paper -varn9-Working Paper Series | | Nov 2015 -varn13-

-varn14- This paper sketches the outlines of the new international monetary system that has emerged in the aftermath of the global financial crisis.

-varn6-The IMF Worries About EME Corporate Leverage

-varn7-Article | Oct 2, 2015 -varn13-

-varn14- Hot on the heels of the BIS, now comes the IMF Global Financial Stability report, “Corporate Leverage in Emerging Markets–A Concern?”. Yes, a concern, and just in time for the annual meeting in Peru next week.

-varn6-Economics of Money & Banking: Part Two


-varn14- Introduction to a “money view” of economic activity for modern times, building on the intellectual traditions of British central banking and American institutionalism. Part Two explores connections with foreign exchange and capital markets.

Featuring this expert

-varn6-YSI @Trento Festival of Economics 2013

-varn7-YSI Event -varn8-Workshop YSI-varn11- | May 29–Jun 1, 2013 -varn13-

-varn14- The Institute for New Economic Thinking and its Young Scholars Initiative (YSI) will play an active role at the 8th edition of the Festival of Economics, which takes place in Trento, Italy, from May 30 – June 2, 2013.

-varn6-Piero Sraffa's Price Theory Without Equilibrium

-varn7-Video | Jan 28, 2013 -varn13-

-varn14- Piero Sraffa’s classic work Production of Commodities by Means of Commodities has been variously interpreted as a special case of modern neoclassical general equilibrium or a foundation stone for the revival of the classical tradition of Smith and Ricardo.

-varn6-The Next Economic Frontier and the Wild World of Non-Rational Expectations

-varn7-Video | Jan 14, 2013 -varn13-

-varn14- 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.

-varn6-Behind the Scenes of International Banking Regulation

-varn7-Video | Jan 7, 2013 -varn13-

-varn14- 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?