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Author : Frederick George Hilton Price
Publisher :
Page : 36 pages
File Size : 27,39 MB
Release : 1886
Category :
ISBN :
Author : Frederick George Hilton Price
Publisher :
Page : 474 pages
File Size : 21,16 MB
Release : 1890
Category :
ISBN :
Author : Frederick George Hilton PRICE
Publisher :
Page : 362 pages
File Size : 33,43 MB
Release : 1876
Category :
ISBN :
Author : Perry Mehrling
Publisher : Princeton University Press
Page : 189 pages
File Size : 34,80 MB
Release : 2010-11-08
Category : Business & Economics
ISBN : 1400836263
How the U.S. Federal Reserve began actively intervening in markets Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis—but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system. Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets—most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.
Author : Thomas RUTTER
Publisher :
Page : 50 pages
File Size : 37,21 MB
Release : 1803
Category :
ISBN :
Author : Walter Bagehot
Publisher :
Page : 176 pages
File Size : 30,9 MB
Release : 1962
Category : Banks and banking
ISBN :
Author : Frederick George Hilton Price
Publisher : London, Chatto and Windus
Page : 394 pages
File Size : 39,91 MB
Release : 1876
Category : Bankers
ISBN :
Author : Institute of Bankers (Great Britain)
Publisher :
Page : 720 pages
File Size : 46,27 MB
Release : 1910
Category : Banks and banking
ISBN :
Author : Prison (PHILADELPHIA)
Publisher :
Page : 26 pages
File Size : 28,65 MB
Release : 1816
Category : Prisons
ISBN :
Author : Hettie Belle Marcus
Publisher :
Page : 12 pages
File Size : 11,74 MB
Release : 1965
Category : Streets
ISBN :
Her account of life on Lombard Street from 1920 to 1965, with brief description of inhabitants of the street and residences along it.