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.

Autorentext
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.

Inhalt
Financial Crises: An Overview The Nature of Banking Crises The Panic of 1907 and the Savings and Loan Crisis Development of the Housing and Credit Bubbles Bursting of the Twin Bubbles The Great Crisis and the Great Recession of 2007-2009 The Framework of Federal Reserve Monetary Control Federal Reserve Policy in the Great Depression The Federal Reserve's Response to the Great Crisis The Federal Reserve's Exit Strategy and the Threat of Inflation The Taylor Rule and Evaluation of U.S. Monetary Policy Regulatory Reform Proposals