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Stewards of the market : how the Federal Reserve made sense of the financial crisis / Mitchel Y. Abolafia.

By: Material type: TextTextPublication details: Cambridge, Massachusetts : Harvard University Press, (c)2020.Description: 1 online resource (215 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780674245358
Subject(s): Genre/Form: LOC classification:
  • HC106 .S749 2020
Online resources: Available additional physical forms:
Contents:
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.
Subject: "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"--
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Includes bibliographies and index.

"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"--

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.

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