Insights from Walter Bagehot for These Trying Economic Times
Dr. Perry Mehrling
Professor of Economics at Barnard College, Columbia University
March 20, 2012
Perry Mehrling, whose most recent book isThe New Lombard Street: How the Fed Became the Dealer of Last Resort(Princeton 2010), offers a reformulation of Bagehot´s principles for the modern world, a “money view” which looks to the money market to assess risk and restore faith in our financial system.