Perry Mehrling

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The New Lombard Street: How the Fed Became the Dealer of Last Resort

by Perry Mehrling

Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to...


Fischer Black and the Revolutionary Idea of Finance

by Perry Mehrling & Aaron Brown

Praise for FISCHER BLACK AND THE REVOLUTIONARY IDEA OF FINANCE

"The story of Fischer Black. . . . is remarkable both because of the creativity of the man and because of the revolution he brought to Wall Street....