Forward Guidance

Dr. Perry Mehrling on The Dollar Standard, Globalization of Shadow Banking, and Charles Kindleberger

May 1, 2023
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Episode notes
1
Introduction
00:00 • 3min
2
The Euro Dollar System and the Offshore Dollar System
03:18 • 3min
3
The Vulnerability of the Euro Dollar System
06:44 • 5min
4
The Importance of Global Reserve Currency
11:46 • 2min
5
The Fed's Hybrid Entity
13:38 • 2min
6
The Demise of the Dollar Standard
15:19 • 4min
7
The Decline of the Sterling Standard
19:30 • 4min
8
The History of the Sterling Standard
23:03 • 5min
9
The Importance of Price Stability in the 1970s
27:34 • 2min
10
The Future of Inflation
29:14 • 6min
11
Shadow Banking and the Money View
34:46 • 4min
12
The Shadow Banking World and Money Market Funds
39:09 • 5min
13
The Dollar System Will Hold
44:10 • 3min
14
The Role of the Federal Reserve in the Par Relationship
46:45 • 5min
15
The Effect of Interest Rates on Price Level Inflation
51:31 • 5min
16
The Triffin Dilemma and the Dollar Glut
56:04 • 5min
17
The Dilemma of Kindleburger
01:00:45 • 5min
18
The Importance of Flexible Exchange Rates
01:05:37 • 1min
19
The Myth of Bretton Woods
01:06:50 • 3min
20
The Importance of Access to Global Capital Markets
01:09:35 • 2min
21
The Legacy of Charles Kinneberger
01:12:03 • 4min
22
Bretton Woods: A Revisionist History of International Money
01:15:50 • 2min