Federal Reserve: Greenspan's Stage

Author: Martin Mayer
Publisher:
Publish Date: 2002-06-01
Features: Over the past few decades, how has the Federal Reserve effectively guided the U.S. economy forward? What changes will the Federal Reserve undergo in the future? Mayer, in his fluent and in-depth writing style, provides the answers. — The Economist Mayer excels at mastering his material, effortlessly crafting eloquent works. — The Washington Post Mayer, as usual, knows exactly how to write, resulting in his detached observation of the public's beliefs—that Greenspan could save the world, and if only that were true. — The New York Times Mayer focuses on the historical structure of the Federal Reserve, delving into how it functions and its limitations. — Business Week
In 1989, the worst financial crisis since World War II was on the verge of, and at this critical moment, Federal Reserve Chairman Greenspan magically averted a disaster. In January 2001, Greenspan employed the same tactics, but they proved ineffective. In just two years, what changes occurred in the Federal Reserve, a pivotal role in the financial world? Is the Federal Reserve model worth emulating? The global financial system is shifting from a bank-dominated to a market-dominated structure. Where will the legendary financial leader Greenspan take the Federal Reserve? This book will take you on a journey through the complex and vast financial political system of the United States, helping you untangle the threads with rich material and meticulous analysis.