This session covers Lecture 17: Direct and Indirect Finance and Lecture 18: Forwards and Futures. Lecture 17 Notes Lecture 18 Notes Lecture 17—starting with a simple description of "traditional" commercial banks—describes the evolution and emergence of shadow banking as the money market and capital market became intertwined through an iterative process of intermediation and disintermediation. …
During this off-week, Nadav Orian Peer joins us to discuss his 2020 paper, "Public Purpose Finance: The Government's Role as Lender" as well as the Perry Mehrling paper, "The State as Financial Intermediary," the ideas of which his paper expanded on. Public Purpose Finance: The Government's Role as Lender by Nadav Orian Peer (2020) The …
This session covers Reading 9: the first part of Chapter 5 of Money in a Theory of Finance by Gurley and Shaw (1960) Gurley & Shaw Study Questions Reinforcing some of what we learned in Lecture 17, Gurley and Shaw present a model of money and banking that emphasizes funding over payments. "Primary debt" is …
AbstractPublic policies are all around us. They influence our choices, behaviours, and incomes. More so in the Indian context due to the Indian State’s wide-ranging ambitions. Despite its pervasiveness, public policy is often perceived as being inaccessible, boring or both. MIA aims to change this perception with this book through vignettes that illustrate India’s tryst …
Missing in Action: Insights from Public Policymaking in India Read More »
This session covers Lecture 19: Interest Rate Swaps and Lecture 20: Credit Default Swaps Lecture 19 Notes Lecture 20 Notes Part 4 of Lecture 19 is missing from Perry Mehrling's site and the YouTube playlist. Here's a direct link. Lecture 19 — Part 4: What is a Swap Part 4 of Lecture 20 is cut …
Join us to learn about project organizing, and ask any questions you have on your mind.
This session covers Reading 10: Excerpts from a 1952 report to the FOMC (parts one, two, and three) FOMC Study Questions The document is the previously secret Fed report that Mehrling mentions in Lecture 19. In 1952, the Fed is figuring out how they want to run monetary policy after the Treasury-Fed accord of 1951. …
The Launch of the YSI Amazon Hub in Belém aims to establish a specialized platform for young scholars in the Amazon region, tailored to the specific needs and challenges of the area. This project seeks to cultivate a vibrant ecosystem where aspiring researchers, innovators, and intellectuals can collaborate and develop impactful solutions to pressing issues …
YSI Special Session - UNICAMP International School on Development Challenges The YSI Latin America Working Group happily announces a special session to be held on August 7 during the 4th Unicamp International School on Development Challenges – Changes in contemporary capitalism and impacts on the global south. We invite students of previous editions of Unicamp …
YSI Special Session at 4th Unicamp International School Read More »
This session covers Lecture 21 Shadow Banking, Central Banking, and Global Finance and Reading 11: Bagehot Was a Shadow Banker: shadow banking, Central Banking, and the Future of Global Finance by Mehrling, Pozsar, Sweeney, and Neilson (2014) Lecture 21 Slides Shadow Banking Study Questions NOTE: The above link is the final published 2014 version of …
Discussion — Lecture 21 & Reading 11: Shadow Banking Read More »
We are happy to invite you to submit your work to the “1st UFPR Winter School on Economic Development: Feminist and Gender Economics”, which will be held on 9 August in Curitiba, Brazil. The 1st UFPR Winter School on Economic Development is organized by the Graduate Program in Economic Development (PPGDE) of the Federal University …
1st UFPR Winter School on Economic Development: The Feminist economics Read More »
This is the third of three sessions on Stefan Eich's 2022 book The Currency of Politics: The Political Theory of Money from Aristotle to Keynes. https://www.amazon.com/Currency-Politics-Political-Theory-Aristotle/dp/0691191077/ From the Description: Stefan Eich examines six crucial episodes of monetary crisis, recovering the neglected political theories of money in the thought of such figures as Aristotle, John Locke, …