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

The definitive story of Fischer Black, one of the greatest financial minds of all time

Besides revolutionizing finance with the Black-Scholes option pricing model, Fischer Black forever changed Wall Street by...