Understanding Central Banking

The book starts with the history of central banking in England and the United States and explains in detail how the Fed works. It goes on to cover the Fed's recent unprecedented activities to keep the Great Recession from spiraling into Greatest Depression. This timely coverage of an era of innovation makes the book an attractive supplement for use in Macroeconomics or Money and Banking courses. The author's goal is to improve our understanding of the vital role that central banks can play in keeping modern economies on a stable and sustainable growth path that creates jobs and prosperity.

Autorentext

Jones, David

Zusammenfassung
Employing a light and lively writing style, the book starts with the history of central banking in England and then shifts focus to the United States, explains in detail how the Fed works, and covers the Fed's unprecedented activities to prevent the Great Recession from spiraling into the Greatest Depression. The final chapter presents a detailed scorecard for each of the Fed chairmen over the last 40 years.

Inhalt

Introduction 1. History and Purpose of Central Banking 2. Post-World War II Macroeconomic Policy 3. Contemporary Federal Reserve Policy 4. Globalization, Deregulation, Mounting Global Capital Flows 5. New Activism by the European Central Bank (ECB) and the Bank of Japan 6. Financial Crises 7. Asset Price Bubbles 8. How the U.S. Central Bank Dealt with a Disastrous Credit Crisis 9. An Evaluation of Contemporary Fed Chairmen 10. Conclusions