出版社:7-09999
出版日期:2001-6
ISBN:9780684847405
作者:Mayer, Martin
页数:350页
内容概要
Martin Mayer is a premier financial journalist with more than thirty books to his credit, including The Bankers and The Greatest-Ever Bank Robbery. A guest scholar at the Brookings Institution, a regular contributor to The Wall Street Journal, and a popul
书籍目录
PrefacePART ONe: MaGic TRICKS Chapter 1: The Magician on the World Stage Chapter 2: The Magician at HomePART Two: CENTRAL RANKS Chapter 3: What Is a Central Bank? Chapter 4: The Question of IndependencePART THREE: AVOIDING CATASTROPHE Chapter 5: The System and Its Risks Chapter 6: The Amen'can Lender of Last ResortPART FouR: MAKING MONEY Chapter 7: The Age of lnvenlion Chapter 8: Monetary Policy in the Maelstrom Chapter 9: Disaster Time Chapter 10: Greenspan and the Markets Chapter 11: InternationallyPART FIVE: THE DAY JOBS Chapter 12: The Payments Franchise Chapter 13: Supervisions Chapter 14: The Fed and the PoorPART SIX: WHAT'S NEXT? Chapter 15: The Fed in Our FutureNotesIndex
作者简介
The Federal Reserve system was designed, built and operated as an agency that forced its policies on American banks. The banks in turn had the power to push around the real economy. Now the Federal Reserve finds itself in a world where banks don't matter as much. Markets set interest rates, markets determine liquidity and markets help or hinder the plans of businessmen. Markets are unpredictable, international and, worst of all, they have their own information systems that do not follow the rules of banking or bank supervision. In response, the Federal Reseve has reinvented itself in a way not yet understood even by sophisticated investors. This text offers a look at the "new" Federal Reserve: what it does, what it doesn't do, what it must do, how it works, and how it hasn't changed. It looks at how the Federal Reserve judges market levels, how and when it decides to intervene, how it judges whether a hot economy will produce inflation or not, and many other decisions it makes.