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Perry Mehrling, The New Lombard Street

How the Fed Became the Dealer of Last Resort

Bibliographic Data

ID13034822
AuthorsDominique Torre (Université Côte d'Azur, corresponding author)
Year2012
Volume2-3
Pages399-401
Publication date2012-01-01
Open AccessYes
TypeARTICLE
VenueOEconomia (JOURNAL)
Journal identifiersISSN: 2113-5207 • E-ISSN: 2269-8450
PublisherAssociation Œconomia (PUBLISHER • FR)
DOI10.4000/oeconomia.1365
OpenAlexW1839757062
LanguageEN

Lombard Street is at the heart the City of London, connecting Bank junction with the Bank of England on Threadneedle Street, and until WW1, was considered to be the centre of the financial world. The Bank of England was one of the oldest Central Banks and was known for its financial innovations to control the money market and to manage liquidities. Lombard Street: A description of the Money Market is the title of the famous book by Bagehot (1873), which described these innovations and—70 year

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