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The 2007-2009 Financial Crisis and Central Banks

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004379/00001

Material Information

Title: The 2007-2009 Financial Crisis and Central Banks What does the Subprime Crisis teach us about Monetary Policy?
Physical Description: Book
Language: English
Creator: Julius, Niklaus C.
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2011
Publication Date: 2011

Subjects

Subjects / Keywords: Subprime
Financial Crisis, Monetary Policy
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: This thesis sets out to answer two major questions: was the Federal Reserve to blame, in part or in whole, for the 2007-2009 financial crisis, and what changes should be made to the theory of optimal monetary policy in order to avoid a repeat of the crisis. We survey the conventional theory of optimal monetary policy, as well as the actions of the Federal Reserve and the European Central Bank before and in response to the crisis. We consider the possible alternative courses of action and their effects, and we survey the course of the financial crisis itself. Finally, we conclude that, while monetary policy is partially to blame for the crisis, the Federal Reserve itself cannot be significantly faulted for its actions, and that the Federal Reserve and financial regulatory bodies should be combined into a single institution.
Statement of Responsibility: by Niklaus C. Julius
Thesis: Thesis (B.A.) -- New College of Florida, 2011
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Coe, Richard

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2011 J94b
System ID: NCFE004379:00001

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004379/00001

Material Information

Title: The 2007-2009 Financial Crisis and Central Banks What does the Subprime Crisis teach us about Monetary Policy?
Physical Description: Book
Language: English
Creator: Julius, Niklaus C.
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2011
Publication Date: 2011

Subjects

Subjects / Keywords: Subprime
Financial Crisis, Monetary Policy
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: This thesis sets out to answer two major questions: was the Federal Reserve to blame, in part or in whole, for the 2007-2009 financial crisis, and what changes should be made to the theory of optimal monetary policy in order to avoid a repeat of the crisis. We survey the conventional theory of optimal monetary policy, as well as the actions of the Federal Reserve and the European Central Bank before and in response to the crisis. We consider the possible alternative courses of action and their effects, and we survey the course of the financial crisis itself. Finally, we conclude that, while monetary policy is partially to blame for the crisis, the Federal Reserve itself cannot be significantly faulted for its actions, and that the Federal Reserve and financial regulatory bodies should be combined into a single institution.
Statement of Responsibility: by Niklaus C. Julius
Thesis: Thesis (B.A.) -- New College of Florida, 2011
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Coe, Richard

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2011 J94b
System ID: NCFE004379:00001


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