Federal Reserve and the Financial Crisis (eBook)

Ben S. Bernanke (Autor)

eBook Download: PDF | EPUB

2013
144 Seiten
Princeton University Press (Verlag)
978-1-4008-4716-7 (ISBN)

Infos

Ben S. Bernanke served as chairman of the U.S. Federal Reserve from 2006 to 2014. He has also served as chairman of the President's Council of Economic Advisors and as a member of the Board of Governors of the Federal Reserve. Before his time in public service he was a professor of economics at Princeton University. His many books include Essays on the Great Depression and Inflation Targeting (both Princeton).

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Ben Bernanke's history of the Federal Reserve and its response to the 2008 financial crisisIn 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed important background and insights into the central bank's crucial actions during the worst financial crisis since the Great Depression. Taken directly from these historic talks, The Federal Reserve and the Financial Crisis offers insight into the guiding principles behind the Fed's activities and the lessons to be learned from its handling of recent economic challenges.Bernanke traces the origins of the Federal Reserve, from its inception in 1914 through the Second World War, and he looks at the Fed post-1945, when it began operating independently from other governmental departments such as the Treasury. During this time the Fed grappled with episodes of high inflation, finally tamed by then-chairman Paul Volcker. Bernanke also explores the period under his predecessor, Alan Greenspan, known as the Great Moderation. Bernanke then delves into the Fed's reaction to the recent financial crisis, focusing on the central bank's role as the lender of last resort and discussing efforts that injected liquidity into the banking system. Bernanke points out that monetary policies alone cannot revive the economy, and he describes ongoing structural and regulatory problems that need to be addressed.Providing first-hand knowledge of how problems in the financial system were handled, The Federal Reserve and the Financial Crisis will long be studied by those interested in this critical moment in history.

Produkt-Details

• Erscheint lt. Verlag: 24.2.2013
• Zusatzinfo: 1 halftone. 39 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: Accounting • asset • balance sheet • Bank • Bank account • bank run • Bankruptcy • Bear Stearns • Bond Market • Broker-dealer • Capital requirement • Cash • Central Bank • Collateralized Debt Obligation • Commercial Bank • Commercial Paper • conservatorship • Consumption (Economics) • credit card debt • Credit Default Swap • Credit (finance) • Credit Insurance • Creditor • credit risk • Currency • Currency Union • debt • Debt Consolidation • Deflation • Deposit account • deposit insurance • Discounts and allowances • Discount window • Dodd–Frank Wall Street Reform and Consumer Protection Act • Economics • Economic Stability • economy • Economy of the United States • Employment • european central bank • Exchange Rate • Federal Deposit Insurance Corporation • federal funds rate • Federal Reserve Bank • Finance • Financial Crisis • Financial crisis of 2007–08 • Financial Engineering • Financial institution • Financial Instrument • Financial regulation • Financial Services • Financial Soundness • Fiscal Policy • foreclosure • Funding • Goldman Sachs • Inflation • institutional investor • Interbank lending market • Interest Rate • International financial institutions • Investment • Investor • John Maynard Keynes • Lecture • Lehman Brothers • Lender of last resort • Liability (financial accounting) • Margin (finance) • market liquidity • Milton Friedman • monetary policy • monetary system • Money market fund • Money Supply • mortgage loan • Multinational corporation • Payment • Payroll • pension fund • Policy • private sector • proprietary trading • Provision (accounting) • Public sector • Real estate appraisal • Recession • Securitization • Share Price • Stock Market • Systemically Important Financial Institution • Too big to fail • Troubled Asset Relief Program • Unemployment • United States Treasury security • Value (economics) • Volcker Rule • World Economy • World War II
• ISBN-10: 1-4008-4716-8 / 1400847168
• ISBN-13: 978-1-4008-4716-7 / 9781400847167