![\"\"](\"\/pardeeschool\/files\/2019\/12\/Mehrling1.jpg\")
<\/a><\/p>\nPerry Mehrling<\/a>,\u00a0Professor of International Political Economy at the Frederick S. Pardee School of Global Studies at Boston University, was interviewed for a recent article examining\u00a0the recent trouble the overnight repurchase agreement, or \u201crepo,\u201d market, has experienced.<\/span><\/p>\n Mehrling was quoted in a December 20, 2019 article in\u00a0Bloomberg<\/a>\u00a0<\/em>entitled “Repo Oracle Zoltan Pozsar Expects Even More Turmoil.<\/a>”<\/p>\n From the text of the article:<\/p>\n In finance, a lack of liquidity \u201ckills you quick,\u201d says Perry Mehrling, a Boston University economics professor who co-authored a 2013 paper with Pozsar. \u201cHow do you not get killed by liquidity? By rolling it over. By saying, \u2018I can\u2019t make the payment today. I\u2019ll make it tomorrow.\u2019 That\u2019s basically what overnight repo does.\u201d<\/span><\/p>\n Pozsar\u2019s warnings get attention on Wall Street because he has a big-picture view of this complex market and can explain it well\u2014at least to those fluent in the language of repoland. \u201cI think he has every short-term interest-rate trader in the world on his speed dial,\u201d Mehrling says. \u201cHe\u2019s like a spider in the middle of the web, where he can gather this information and then try to make sense of it.<\/span><\/p><\/blockquote>\n Perry Mehrling<\/a>\u00a0is a Professor of International Political Economy at the Pardee School of Global Studies, Boston University, where he teaches courses on the economics of money and banking, the history of money and finance, and international money, the first of these is<\/span>\u00a0<\/span>available online.\u00a0<\/a>Perry is the author of\u00a0<\/span>The New Lombard Street: How the Fed became the dealer of last resort<\/u>\u00a0(Princeton 2011),<\/span>\u00a0<\/span>Fischer Black and the Revolutionary Idea of Finance<\/u>\u00a0<\/span>(Wiley 2005), and<\/span>\u00a0<\/span>The Money Interest and the Public Interest<\/u>\u00a0<\/span>(Harvard 1997).\u00a0 Recent papers and video are available on<\/span>\u00a0<\/span>his website<\/a>, \u201cone stop shopping for all things \u2018money view\u2019\u201d.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Prof. Perry Mehrling discusses the recent trouble the overnight repurchase agreement, or \u201crepo,\u201d market, has experienced.<\/p>\n","protected":false},"author":11588,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8410],"tags":[11087,8857,8859,10588,11481],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/40360"}],"collection":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/users\/11588"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/comments?post=40360"}],"version-history":[{"count":3,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/40360\/revisions"}],"predecessor-version":[{"id":40472,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/40360\/revisions\/40472"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/media?parent=40360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/categories?post=40360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/tags?post=40360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}