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 | The Federal Reserve and the Financial Crisis |
ADDITIONAL REVIEWS: "In March 2012, Ben Bernanke, chairman of the US Federal Reserve, gave four guest lectures at George Washington University. This slim volume--at only 130 pages, comfortably finished in the time it takes to watch a TV movie--comprises those lectures apparently almost verbatim, with a few astute audience questions and answers at the end of each. . . . This is easy reading . . ."--Financial World "The Federal Reserve and the Financial Crisis . . . provides a useful tutorial on the workings of an institution in its most difficult hour. For that reason alone, it makes an important contribution to the historical record."--Marc L. Ross, Financial Analysts Journal "[T]his is a useful and highly approachable take on the history of central banking and the recent financial crisis. It's worth a read, if only to get a first-person narrative from one of the most important figures in global capital markets."--Carrie Sheffield, Washington Times "[F]or those interested in why we have central banks, what led to the 2008 financial crisis and how the nation's top officials reacted, there isn't a better primer. . . . This is no boring textbook, despite the occasional chart. Bernanke presents a clear and engaging narrative of the economic history of the United States, while also tackling a few of the perennial anti-Fed bugaboos. . . . One of the book's most important achievements is to place the Fed's extraordinary interventions during the crisis--including the emergency lending of $1.2 trillion to the financial industry--in context."--Ben Weyl, Roll Call ADDITIONAL ENDORSEMENTS: "In this well-organized book, Ben Bernanke tells the story of the Fed from its founding to the recent financial crisis. Bernanke's rendering is coherent and compelling."--Barry Eichengreen, author of Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System "It is rare indeed to find a Fed chairman looking back and explaining the Fed's actions. In this valuable book, Ben Bernanke argues strongly that the Fed's decisions during the financial crisis were consistent with long-standing central banking practices. His account is an important part of the historical record."--Alan Blinder, Princeton University File created: 5/21/2013 | |
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