Mehrling Publishes Policy Brief on International Liquidity Provision
Professor Mehrling argues the international system is tiered, one that is a global dollar system, with the Fed operating as the de facto global central bank providing international lender of last resort support to the system.
Gallagher Co-Authors FT OpEd on COVID-19 and IMF
Prof. Kevin Gallagher argues that the International Monetary Fund (IMF) should use its Special Drawing Rights (SDRs) to boost inter-sovereign liquidity during the coronavirus crisis.