The Financial Crisis and Federal Reserve Policy [Paperback]

The Financial Crisis and Federal Reserve Policy is fully revised and updated with the most accurate and thorough coverage available of the causes and consequences of the 2008 Financial Crisis and the role the Federal Reserve played in the recovery efforts.1. Post-Crisis Recovery Efforts 2. European Sovereign Debt Crisis 3. The Panic of 1907 and the Savings and Loan Crisis 4. Development of the Housing and Credit Bubbles 5. Bursting of the Twin Bubbles 6. The Great Crisis and Great Recession of 2007-2009 7. The Framework of Federal Reserve Monetary Control 8. Federal Reserve Policy in the Great Depression 9. The Federal Reserve's Response to the Great Crisis 10. The Federal Reserve's Exit Strategy and the Threat of Inflation 11. Regulatory Reform Proposals

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, USA

'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 pelC%