The Great Recession: Lessons for Central Bankers - Hardcover
The recent financial crisis shook not only the global economy but also conventional wisdom about economic policy. After the collapse of Lehman Brothers in September 2008, policy makers reversed course and acted on an unprecedented scale. The policy response was remarkable both for its magnitude and for the variety of measures undertaken. This book examines both the major role central banks played in the crisis and the role they might play in preventing or preparing for future crises.
The contributors, central bankers from around the world, focus on monetary policy, the new area of macroprudential policy, and issues of exchange rates, capital flows, and banking and financial markets. They look at the experiences of both developed and emerging economies, considering why some, including Israel and Australia, suffered only mild effects while others--Ireland for example--plunged into severe financial crisis.
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About the Author:
Jacob Braude works in the Bank of Israel Research Department. Zvi Eckstein is Dean of the School of Economics in the Interdisciplinary Center Herzliya and served as Deputy Governor of the Bank of Israel from 2006 to 2011.
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- PublisherMit Pr
- Publication date2012
- ISBN 10 0262018349
- ISBN 13 9780262018340
- BindingHardcover
- Number of pages380
- EditorBraude Jacob, Eckstein Zvi, Fischer Stanley, Flug Karnit
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