||11 of 12 people found the following review helpful.| A great book for classes devoted to monetary policy in the real world|By Scott E. Pardee|Like many other professors who teach undergraduate courses in monetary theory (after the standard money and banking courses) I've been frustrated with where the field has headed. Sure, we can rake over the coals of monetarists versus Keynesians, and students should know the nature of the||I continue to ponder Mehrling's main claims, but in any case this is an important book about the new Fed.|From the Back Cover||"The global financial system is badly broken. Many institutions and individuals share responsi
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...
[PDF.ev01] The New Lombard Street: How the Fed Became the Dealer of Last Resort Rating: 3.59 (424 Votes)
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You can specify the type of files you want, for your device.The New Lombard Street: How the Fed Became the Dealer of Last Resort | Perry Mehrling. A good, fresh read, highly recommended.
