Opis: The Courage to Act - Ben Bernanke

In 2006, Ben S. Bernanke was appointed chairman of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood to professorships at Stanford and Princeton, to public service in Washington's halls of power. There would be no time to celebrate, however-the burst of the housing bubble in 2007 set off a domino effect that would bring the global financial system to the brink of meltdown. In The Courage to Act, Ben Bernanke pulls back the curtain on the tireless and ultimately successful efforts to prevent a mass economic failure. Working with two US presidents and two Treasury secretaries, Bernanke and his colleagues used every Fed capability, no matter how arcane, to keep the US economy afloat. From his arrival in Washington in 2002 and his experiences before the crisis, to the intense days and weeks of the crisis itself, and through the Great Recession that followed, Bernanke gives readers an unequalled perspective on the American economy. This narrative will reveal for the first time how the creativity and decisiveness of a few key leaders prevented an economic collapse of unimaginable scale. Bernanke explains the inspiration behind the book's title, saying, "When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve, policymakers and staff alike, mustered the moral courage to do what was necessary, often in the face of bitter criticism and condemnation. I am grateful to all of them and proud to have been part of the global effort to contain the most dangerous economic crisis of our time." "Bernanke details the hurdles he faced, from cynically obstructive congressmen to obstreperous regulators and quarrelsome interest rate hawks, as well as hapless policymaking in Europe. During much of the panic, he writes: "The Fed alone, with its chewing gum and baling wire, bore the burden of battling the crisis." The guts of his story are familiar. It is well narrated with regular flashes of colour..." -- Financial Times "The former chair has penned a lucid account of the crisis and its aftermath... Mr Bernanke's narrative of his time in office is a lucid, analytical affair... the book provides a robust defence of the Fed's response to the crisis. Mr Bernanke clearly sees himself as someone who did what was necessary to save the economy from disaster, in the face of a barrage of unwarranted criticism. The result is a book which compels... " -- The Economist

Szczegóły: The Courage to Act - Ben Bernanke

Tytuł: The Courage to Act
Autor: Ben Bernanke
Producent: W.W. Norton
ISBN: 9780393247213
Rok produkcji: 2015
Ilość stron: 624
Oprawa: Twarda
Waga: 1.08 kg

Recenzje: The Courage to Act - Ben Bernanke