"Mitchel Abolafia goes behind the scenes with the Federal Reserve's powerful Open Market Committee as it responded to the 2008-2009 financial crisis. Relying on verbatim transcripts of closed meetings, Abolafia shows how assumptions about self-correcting markets stymied the Fed and how its leaders came to embrace new ideas"-- Provided by publisher
Contents
Introduction: Making sense of a crisis -- No crystal ball: August 2007 -- Textures of doubt: September-December 2007 -- A learning moment? January 2008 -- Improvising in a liquidity crisis: March 2008 -- Contested frames / competing logics: April-August 2008 -- Accounting for a liquidity crisis: September 2008 -- Learning after Lehman: September-December 2008 -- The pathos and irony of technocratic control.
Local Note
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