The Fed and the Credit Crisis

Banking

Lynne Rienner Publishers

What was the role of the Federal Reserve System in the 2008 financial crisis—as a cause of the crisis, as the most important government agency to respond, and as the center of federal efforts to prevent another crisis?

Click here to read a sample chapter from my 2012 book on the Fed’s response and the novel technical and political challenges the Fed is likely to face as the crisis unwinds.