The Financial Crisis and Federal Reserve Policy

Authors: Thomas, L.

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About this book

This new book will provide an extensive analysis of the role of the Federal Reserve in contributing to the crisis through its low interest-rate policy during 2002-2006, and in dealing with the crisis under Bernanke with his aggressive and innovative policies implemented in the wake of the Lehman collapse in September 2008.

About the authors

LLOYD B. THOMAS Professor of Economics and Department Head at Kansas State University, USA. He has served as a visiting professor at the University of California-Berkeley, University of Delaware, and Indiana University-Bloomington and work has appeared in Economic Letters, Journal of Economic Perspectives, Business Economics, and Quarterly Review of Economics and Finance.

Reviews

"Explores crucial questions surrounding the Great Crisis of 2007-09, its relationship to other financial crises, and the role of the Federal Reserve in the crisis and recovery." - Journal of Economic Literature

'I've read many books on the Financial Crisis. Lloyd Thomas's book, quite simply, is the best. It doesn't simply describe what happened. It explains what happened. And it explains what needs to be done to prevent it from happening again.' - Laurence Seidman, Chaplin Tyler Professor of Economics, University of Delaware

'Thomas provides a comprehensive and dispassionate analysis of the Great Crisis of 2007-2009. Exceptionally well written and researched, the author provides insights into the most severe economic challenge in the U.S. and much of the rest of the world in 75 years. The book has much to offer to professional economists, financial experts, and policy makers, as well as the general citizens who were affected by the severe downturn, housing market collapse, and financial system's near meltdown. The prominent and effective role of the Federal Reserve is the unappreciated story in the Great Crisis and is in sharp contrast to the Fed's performance in the Great Depression of the 1930's. This book is destined to be one of the most thoughtful, independent, and insightful analyses of the Great Crisis. ' - Bruce Jaffee, Professor of Business Economics and Public Policy and Executive Director, Institute for International Business, Indiana University

"Timely, informative, insightful, beautifully written, and readable both by informed professionals and economists. Tightly organized and very interesting treatment of the Federal Reserve's role in the current economic crisis with comparative historical background on the Fed's behavior during the Great Depression. A wonderful book." - Michael J. Greenwood, Professor of Economics, University of Colorado atBoulder


Table of contents (12 chapters)

  • Financial Crises: An Overview

    Thomas, Lloyd B.

    Pages 1-13

  • The Nature of Banking Crises

    Thomas, Lloyd B.

    Pages 15-30

  • The Panic of 1907 and the Savings and Loan Crisis

    Thomas, Lloyd B.

    Pages 31-47

  • Development of the Housing and Credit Bubbles

    Thomas, Lloyd B.

    Pages 49-68

  • Bursting of the Twin Bubbles

    Thomas, Lloyd B.

    Pages 69-91

Buy this book

eBook $89.00
price for USA
  • ISBN 978-0-230-11807-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Download immediately after purchase
Hardcover $120.00
price for USA
  • ISBN 978-0-230-10846-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $115.00
price for USA
  • ISBN 978-1-349-29128-1
  • Free shipping for individuals worldwide
  • This title is currently reprinting. You can pre-order your copy now.

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Bibliographic Information

Bibliographic Information
Book Title
The Financial Crisis and Federal Reserve Policy
Authors
Copyright
2011
Publisher
Palgrave Macmillan US
Copyright Holder
Palgrave Macmillan, a division of Nature America Inc.
eBook ISBN
978-0-230-11807-2
DOI
10.1057/9780230118072
Hardcover ISBN
978-0-230-10846-2
Softcover ISBN
978-1-349-29128-1
Edition Number
1
Number of Pages
XX, 262
Topics