The New Lombard Street

The New Lombard Street

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How the U.S. Federal Reserve began actively intervening in markets Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank c

Introduction to Central Banking

Introduction to Central Banking

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This open access book gives a concise introduction to the practical implementation of monetary policy by modern central banks. It describes the conventional ins

Connectedness and Contagion

Connectedness and Contagion

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An argument that contagion is the most significant risk facing the financial system and that Dodd¬Frank has reduced the government's ability to respond effecti