Financial crises: an overview -- The nature of banking crises -- The panic of 1907 and the savings and loan crisis -- Development of the housing and credit bubbles -- Bursting of the twin bubbles -- The great crisis and the great recession of 2007-2009 -- The framework of Federal Reserve...

This new book will provide an extensive analysis of the role of the Federal Reserve in contributing to the crisis through its low interest-rate policy during 2002-2006, and in dealing with the crisis under Bernanke with his aggressive and innovative policies implemented in the wake of the Lehman...