Bernanke's test : Ben Bernanke, Alan Greenspan, and the drama of the central banker
著者
書誌事項
Bernanke's test : Ben Bernanke, Alan Greenspan, and the drama of the central banker
(A B2 book)
Agate, c2009
大学図書館所蔵 全1件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Summary: "An examination of the challenges facing Fed chair Ben Bernanke as he addresses the problems affecting the U.S. economy inherited from his predecessor, Alan Greenspan, informed by a historical look at how other central bankers have dealt with similar crises"--Provided by publisher
Bibliography: p. 249-260
Includes index
内容説明・目次
内容説明
This title offers an up-to-the-minute look at the challenge facing Fed chair Ben Bernanke in trying to clean up the problems affecting the U.S. economy that he inherited from his predecessor, Alan Greenspan, informed by a historical look at how other central bankers have dealt with similar crises. The current crises facing the economy in have thrown a sharp spotlight on US Federal Reserve chairman Ben Bernanke. Each of his moves to address worsening economic conditions have been reported and analyzed at length in the press, as he works to mitigate the effects of the sub-prime lending debacle, the spiraling rise in oil prices, and the sharp increase in food costs. Bernanke is facing a stern test as America's central banker - a test created for him, in large part, by his predecessor, Alan Greenspan. In the two decades Greenspan served as Fed chair, central bankers who formerly worked as obscure bureaucrats became geopolitical megastars with international recognition. This switch can largely be identified with Greenspan, who helped guide the U.S. to new heights of prosperity, but who also bears significant responsibility for the subprime-induced credit crisis and all the related problems plaguing the economy.
But while their visibility may have changed dramatically, the underlying role played by central bankers has changed little. No one plays a bigger role in promoting those 'healthy financial conditions' than central banks, especially when it comes to price stability and the soundness of the overall financial system. The central bank also has the key power to act as lender of last resort, i.e. to 'create' money. But central bankers like Bernanke can also do much to growth and prosperity with policies that jeopardize the 'healthy financial conditions'. Deservedly, they will get the full blame for the disaster, even if sometimes others share responsibility. The consensus on Greenspan's performance as Fed chair used to be extremely positive, but more and more it's been called into question. 2008 saw Bernanke in the eye of a storm that was created largely during Greenspan's tenure. His management of the bubble of all bubbles will be a decisive factor in whether this crisis will be limited in its impact on the real economy or whether it directly leads to a major recession. This is Bernanke's Test.
In examining the challenge facing Bernanke, author Johan Van Overtveldt will look back over Alan Greenspan's long record as Fed chair, as well as Ben Bernanke's career as an economist prior to replacing Greenspan. Historical context will be provided by a look at other former Fed chairmen, such as Benjamin Strong, William McChesney Martin, Arthur Burns, and especially Greenspan's predecessor, Paul Volcker.
「Nielsen BookData」 より