MARC record from Internet Archive

LEADER: 06097cam a22008414a 4500
001 ocm45879852
003 OCoLC
005 20191109072547.4
008 010205s2001 nyu b 001 0 eng
010 $a 2001023250
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035 $a(OCoLC)45879852$z(OCoLC)50665936$z(OCoLC)59486068$z(OCoLC)123103239$z(OCoLC)795108033$z(OCoLC)1022670227$z(OCoLC)1054960935
042 $apcc
043 $an-us---
050 00 $aHG2563$b.M293 2001
055 4 $aHG2563$bM39
082 00 $a332.1/1/0973$221
084 $aQK 900$2rvk
084 $aQK 910$2rvk
096 $a332.1 M468f
049 $aMAIN
100 1 $aMayer, Martin,$d1928-
245 14 $aThe Fed :$bthe inside story of how the world's most powerful financial institution drives the markets /$cMartin Mayer.
260 $aNew York :$bFree Press,$c©2001.
300 $axiii, 350 pages ;$c24 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
504 $aIncludes bibliographical references and index.
505 0 $aMagician on the world stage -- Magician at home -- What is a central bank? -- Question of independence -- System and its risks -- American lender of last resort -- Age of invention -- Monetary policy in the maelstrom -- Disaster time -- Greenspan and the markets -- Internationally -- Payments franchise -- Supervisions -- Fed and the poor -- Fed in our future.
520 $aThe Fed has entered a new era, and hardly anyone understands the rules of its game. Where once it could control the economy by controlling what the banks did, it now must push directly on the markets. But how? Why do interest-rate changes sometimes move the markets as expected, and sometimes fail to have any effect? What else is the Fed doing that might affect asset prices and growth rates? The links between Fed decisions and market reactions have become far more complicated and confused than ever before. What is an investor to make of it? In The Fed, one of the world's best financial journalists offers a major new explanation of how the Fed works and how its world has changed. Martin Mayer is the bestselling author of The Bankers and The Bankers: The Next Generation, among many other books. He knows more about the banking system, the markets, and the Federal Reserve than anyone else writing today. The Fed is the first book to explain why all the old rules for Fed watchers are no longer operative, and what it is that investors must know to understand the Fed today. For anyone who wants to know why Alan Greenspan is hailed as the second most powerful man in the United States, The Fed is essential reading. Mayer offers many behind-the-scenes stories from past and present Fed administrations, and he explains the overlooked significance of recent dramatic expansions in the Fed's powers and perks. Why does the Fed care about the difference between 30-year and 29-year bond yields? Why and how did the Fed join with its district banks in organizing the bailout of Long Term Capital Management? How was the age-old war between the Fed and the Comptroller of the Currency finally resolved in 1999? Why has the increased "sunshine" of announcing market interventions and posting proceedings of the Federal Open Market Committee not led to greater market stability? Why did Greenspan make the key decision of the Clinton boom years -- to let the good times roll while unemployment sank to record lows -- despite all historical evidence that it would be inflationary? These are just some of the questions answered in this wide-ranging, sharp, and entertaining book.
590 $bInternet Archive - 2
590 $bInternet Archive 2
610 20 $aBoard of Governors of the Federal Reserve System (U.S.)
610 24 $aBoard of Governors of the Federal Reserve System.
610 26 $aBoard of Governors of the Federal Reserve System (États-Unis)
610 27 $aBoard of Governors of the Federal Reserve System (U.S.)$2fast$0(OCoLC)fst00528659
610 27 $aUSA.$bBoard of Governors of the Federal Reserve System.$0(DE-588)4016586-3$2gnd
610 27 $aFederal Reserve system (États-Unis)$2ram
610 27 $aUSA / Board of Governors of the Federal Reserve System.$2swd
650 0 $aMonetary policy$zUnited States.
650 0 $aStock exchanges$zUnited States.
650 6 $aPolitique monétaire$zÉtats-Unis.
650 6 $aBourse$zÉtats-Unis.
650 7 $aMonetary policy.$2fast$0(OCoLC)fst01025230
650 7 $aStock exchanges.$2fast$0(OCoLC)fst01133564
651 7 $aUnited States.$2fast$0(OCoLC)fst01204155
650 07 $aGeschichte.$0(DE-588)4020517-4$2gnd
650 7 $aBourse$zÉtats-Unis.$2ram
650 7 $aPolitique monétaire$zÉtats-Unis.$2ram
776 08 $iOnline version:$aMayer, Martin, 1928-$tFed.$dNew York : Free Press, ©2001$w(OCoLC)647106512
856 41 $3Sample text$uhttp://catdir.loc.gov/catdir/samples/simon031/2001023250.html
856 41 $3Table of contents$uhttp://catdir.loc.gov/catdir/enhancements/fy0631/2001023250-t.html
856 42 $3Contributor biographical information$uhttp://catdir.loc.gov/catdir/bios/simon051/2001023250.html
856 42 $3Publisher description$uhttp://catdir.loc.gov/catdir/description/simon033/2001023250.html
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938 $aBaker and Taylor$bBTCP$n2001023250
938 $aIngram$bINGR$n9780684847405
938 $aYBP Library Services$bYANK$n1746481
994 $a92$bERR
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