Employing a light and lively writing style, the book starts with the history of central banking in England and the United States, explains in detail how the Fed works, and covers the Fed's recent unprecedented activities to keep the Great Recession from spiraling into Greatest Depression. A last chapter presents a detailed scorecard of the Fed chairmen over the last 40 years.The Panic of 1907 upset the New York Stock Exchange, unsettled the markets for gold and municipal bonds, triggered runs on banks ... Also known as the aGreat Crash, a it was the worst stock market collapse in the history of the United States.
|Title||:||Understanding Central Banking|
|Author||:||David M. Jones|
|Publisher||:||M.E. Sharpe - 2013-12-01|