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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Dec 10, 2018

 Josh Galper is the managing principal of Finadium, an independent consultancy in capital markets with unique expertise in securities, finance, collateral, and derivatives. He joins the show today to talk about money markets, overnight interest rates, and some of the big issues in this area. David and Josh also discuss the Lehman Brothers collapse, the “Narrow Bank,” and what we should know about key interest rates; namely the repo rate, LIBOR, interest on excess reserves rate, and SOFR.


Transcript for the episode:


Josh’s Twitter: @Finadium

Josh’s Finadium profile:


Related Links:


Finadium’s homepage:


Finadium’s magazine:


*Second Report of the Alternative Reference Rates Committee* by the New York Fed


*The SOFR Transition: Benchmarks, Futures, and P&L* by Finadium


David’s blog:

David’s Twitter: @DavidBeckworth