{"product_id":"the-federal-reserve-and-the-financial-crisis-9780691158730","title":"The Federal Reserve and the Financial Crisis","description":"\u003cp\u003eBen Bernankes history of the Federal Reserve and its response to the 2008 financial crisis  In 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 banks 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 Feds 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 Feds reaction to the recent financial crisis  focusing on the central banks 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.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45965899694133,"sku":"ByrdShop_0691158738","price":21.26,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780691158730.jpg?v=1788372417","url":"https:\/\/atxbooks.com\/products\/the-federal-reserve-and-the-financial-crisis-9780691158730","provider":"ATX Books","version":"1.0","type":"link"}