THE FINANCIAL CRISIS AND FEDERAL RESERVE POLICY THOMAS L.B. Księgarnia

Written for the motivated non-specialist, this work provides the most clear and thorough coverage available of the causes and consequences of the Great Financial Crisis and the role of the Federal Reserve in preventing it from escalating into a massive depression a la the 1930s.

The Great Recession that followed the popping of the dual credit and housing bubbles deprived more than 8 million Americans of their jobs and triggered a per capita loss of income of more $6,000 in 2008 and 2009 alone. This work provides a clear and comprehensive explanation of the myriad forces that combined to create the bubbles that were the source of the economic contraction. It retraces the chain reaction that took place as these bubbles deflated. The channels through which the crisis spilled over to produce the Great Recession are carefully laid out. The book is unique in thoroughly contrasting the Federal Reserve's brilliant implementation of policies that saved us from disaster in the recent crisis with its inept behavior that strongly contributed to the Great Depression of the 1930s.

Table of Contents

Financial Crises: An Overview
The Nature of Banking Crises
The Panic of 1907 and the Savings and Loan Crisis
Development of the Housing and Credit Bubbles
Bursting of the Twin Bubbles
The Great Crisis and the Great Recession of 2007-2009
The Framework of Federal Reserve Monetary Control
Federal Reserve Policy in the Great Depression
The Federal Reserve's Response to the Great Crisis
The Federal Reserve's Exit Strategy and the Threat of Inflation
The Taylor Rule and Evaluation of U.S. Monetary Policy
Regulatory Reform Proposals

282 pages, Hardcover

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.