Laurence M. Ball (The Johns Hopkins University)

The Fed and Lehman Brothers

• Gebundenes Buch

Produktbeschreibung

This book will interest scholars and practitioners in economics, finance, accounting and law; all areas in which the Lehman bankruptcy has been a major controversy. It will also appeal to a broad audience who care about the causes of the financial crisis and the role of the Federal Reserve's leaders.

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Produktdetails

• Studies in Macroeconomic History
• Verlag: Cambridge University Press
• Seitenzahl: 296
• Erscheinungstermin: 6. März 2019
• Englisch
• Abmessung: 235mm x 157mm x 21mm
• Gewicht: 598g
• ISBN-13: 9781108420969
• ISBN-10: 1108420966
• Artikelnr.: 50012662

Autorenporträt

Laurence M. Ball is Professor of Economics at The Johns Hopkins University. He has previously worked as a Visiting Scholar at the Board of Governors of the Federal Reserve, foreign central banks including the Bank of England and Bank of Japan, and at the International Monetary Fund. His current research topics include the long-term damage from the Great Recession and the case for raising central banks' inflation targets to four percent.

Inhaltsangabe

1. Introduction
2. The crisis of 2008
3. The legal criteria for Fed assistance
4. Lehman's balance sheet and solvency
5. Lehman's liquidity crisis
6. Lehman's collateral and the feasibility of liquidity support
7. Fed discussions of collateral and liquidity support
8. Fed actions that ensured Lehman's bankruptcy
9. Possible long-term outcomes for Lehman
10. How risky were the Fed's rescues of other firms?
11. Who decided that Lehman should fail?
12. Explaining the Lehman decision
13. Conclusion
References
Endnotes
Index.