| Description |
1 online resource (xxi, 595 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references and index. |
| Summary |
Faced with the prospect of a new Great Depression in 2008 when the collapse of Lehman Brothers set off a global panic, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and other agencies took extraordinary measures to contain the damage and steady the financial system and the economy. Edited by three of the policymakers who led the government's response to the crisis, with chapters written by the teams tasked with finding policy solutions, this book provides a comprehensive accounting of the internal debates and controversies surrounding the measures that were taken to stabilize the economy. |
| Contents |
Chapter 1. The financial crisis and its lessons for the future / Ben S. Bernanke, Timothy F. Geithner, and Henry M. Paulson, Jr. -- Chapter 2. The use and effectiveness of conventional liquidity tools early in the financial crisis / William B. English and Patricia C. Mosser -- Chapter 3. The fed's novel lender-of-last-resort programs / Lorie Logan, William Nelson, and Patrick Parkinson -- Chapter 4. Nonbank financial institutions: new vulnerabilities and old tools / Scott G. Alvarez, William C. Dudley, and J. Nellie Liang -- Chapter 5. The legal authorities framing the government's response / Scott G. Alvarez, Thomas C. Baxter, Jr., and Robert F. Hoyt -- Chapter 6. Rescuing the mortgage giants / Dan Jester, Matthew Kabaker, Jeremiah Norton, and Lee Sachs -- Chapter 7. Money market funds: collapse, run, and guarantee / Steven m. Shafran -- Chapter 8. Recapitalizing the banking system / Dan Jester, David Nason, and Jeremiah Norton -- Chapter 9. The temporary liquidity guarantee program / Michael H. Krimminger -- Chapter 10. Bank capital: reviving the system / Tim Clark, Matthew Kabaker, and Lee Sachs -- Chapter 11. Lessening the impact of bank failures / James R. Wigand -- |
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Chapter 12. Crisis-era housing programs / Michael Barr, Neel T. Kashkari, Andreas Lehnert, and Phillip Swagel -- Chapter 13. The rescue and restructuring of General Motors and Chrysler / Brian Deese, Steven M. Shafran, and Dan Jester -- Chapter 14. Implementing tarp: the administrative architecture of the troubled assets relief program / Timothy G. Massad and Neel T. Kashkari -- Chapter 15. Monetary policy during the financial crisis / Donald Kohn and Brian Sack -- Chapter 16. The fiscal response to the great recession: steps taken, paths rejected, and lessons for next time / Jason Furman -- Chapter 17. International coordination of financial and economic policies / Clay Lowery, Nathan Sheets, and Edwin (Ted) Truman-- Chapter 18. Evidence on the outcomes from the financial crisis response / J. Nellie Liang, Margaret M. Mcconnell, and Phillip Swagel. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Language |
In English. |
| Subject |
Global Financial Crisis, 2008-2009.
|
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Global Financial Crisis (2008-2009) |
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Financial crises -- United States.
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Financial crises. |
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United States. |
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Banks and banking -- State supervision -- United States.
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Bank failures -- United States.
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Banks and banking -- State supervision. |
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Monetary policy -- United States.
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Monetary policy. |
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Bank failures. |
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BUSINESS & ECONOMICS -- Economic History. |
| Chronological Term |
2008-2009 |
| Added Author |
Bernanke, Ben, editor.
|
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Geithner, Timothy F., editor.
|
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Paulson, Henry M., 1946- editor.
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Liang, J. Nellie (Jean Nellie), editor.
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| Other Form: |
Print version: First responders. New Haven : Yale University Press, [2020] 9780300244441 (DLC) 2019940872 (OCoLC)1136692615 |
| ISBN |
9780300252743 (electronic book) |
|
0300252749 (electronic book) |
|
9780300244441 |
|
0300244444 |
| Standard No. |
10.12987/9780300252743. |
|
