Book notes: Perry Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

Perry Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort, Princeton: Princeton University Press, November 2010, 184 pages

The ambitious title of this important book recalls the famous and influential work of the editor of The Economist, Walter Bagehot, whose Lombard Street: A Description of the Money Market, appeared in 1873. Bagehot’s book was a direct outcome of and response to the severe British financial crisis of 1866, when he had written an article in The Econom

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: