Elham Saeidinezhad is a Term Assistant Professor of Economics at Barnard College, Columbia University. Previously, Elham taught at UCLA, served as a research economist in the "International Finance and Macroeconomics" research group at Milken Institute, Santa Monica, and was a post-doctoral fellow at INET. She obtained her Ph.D. in empirical macroeconomics from the University of Sheffield, UK.

April 6, 2021


Risks and Crises

On market makers and risk managers post-2008.

For a long time, Bagehot’s rule, “lend freely, against good collateral, but at a high rate,” restored the Fed’s control over the money market and helped end banking panics and systemic banking crises. This control evaporated on September 15, 2008,…