Description

TITLE The Great Recession : Lessons for Central Bankers / edited by Jacob Braude ... [et al.].
PUBLISHER/YEAR Cambridge
MIT Press
2013
PHYSICAL DESCRIPTION - XII, 380 p. : ill.
BIBLIOGRAPHY Includes bibliographical references and index
NOTES Conference proceedings
ADDED NAME Braude, Jacob
ISBN 9780262018340

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Location Address Count Shelf Status
Bibliotēka 01.2 1 On a shelf Available to order

Annotation


The recent financial crisis shook not only the global economy but also conventional wisdom about economic policy. After the collapse of Lehman Brothers in September 2008, policy makers reversed course and acted on an unprecedented scale. The policy response was remarkable both for its magnitude and for the variety of measures undertaken. This book examines both the major role central banks played in the crisis and the role they might play in preventing or preparing for future crises.

The contributors focus on monetary policy, the new area of macroprudential policy, and issues of exchange rates, capital flows, and banking and financial markets. They look at the experiences of both developed and emerging economies, considering why some, including Israel and Australia, suffered only mild effects while others--Ireland for example--plunged into severe financial crisis.

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