2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. Ten years later Ben Bernanke, Timothy Geithner and Hank Paulson reflect on the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression.
All three had crucial roles in the government's response- Ben S. Bernanke as chairman of the Federal Reserve; Henry M. Paulson, Jr., as secretary of the Treasury under President George W. Bush; Timothy F. Geithner as president of the Federal Reserve Bank of New York during the Bush years and then Treasury secretary under President Barack Obama. A powerful, warts and all account told with unprecedented clarity; from the flawed human response to the necessity to learn from the past and help firefighters of the future protect economies from the ravages of financial crises.
Firefighting is a vital account of a defining moment in modern history and an inspiring lesson on leadership through crisis.
From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to where we are now.
In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. Recognizing that, as Ben put it, "the enemy is forgetting," they examine the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. And they provide to their successors in the United States and the finance ministers and central bank governors of other countries a valuable playbook for reducing the damage from future financial crises. Firefighting provides a candid and powerful account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress.
發表於2024-05-20
Firefighting 2024 pdf epub mobi 電子書 下載
“2008年金融危機所麵臨的壓力錶現在這些方麵,包括股票價格和房價的下跌,以及産齣和就業的下降,這甚至比大蕭條的早期階段還要糟糕,但政府這一次設法阻止瞭恐慌,穩定瞭金融係統,重振瞭信貸市場,並啓動瞭持續到今天的復蘇。” 01 — 三位作者是08年次貸危機時美國金融界救...
評分金融危機,一言以蔽之,曰擠兌。在經濟繁榮期,信用的過度創造早已埋下瞭危機的根源,居安思危反而顯得“不識時務”,各類機構爭相進場狂歡,雖底層已暗流湧動,局內人均選擇瞭視而不見。 巴黎銀行的一紙申明引發瞭蝴蝶效應,迅速引發瞭全麵的信心不足,群體恐慌助推擠兌,優質...
評分——讀《滅火:美國金融危機及其教訓》 文 | 黃益平 金融是人類創造的最偉大的經濟工具之一。金融使得勞動分工、規模效益與技術進步成為可能,沒有金融,工業革命不可能發生,所以說,金融是經濟發展的重要推動力量。但凡是硬幣,都有兩麵。金融最基本的功能是資金的融通以及期...
評分金融危機,一言以蔽之,曰擠兌。在經濟繁榮期,信用的過度創造早已埋下瞭危機的根源,居安思危反而顯得“不識時務”,各類機構爭相進場狂歡,雖底層已暗流湧動,局內人均選擇瞭視而不見。 巴黎銀行的一紙申明引發瞭蝴蝶效應,迅速引發瞭全麵的信心不足,群體恐慌助推擠兌,優質...
評分鄧宇 我們是能完全預知金融危機的到來,還是在危機到來時手足無措,這些疑問和睏惑始終伴隨著我們對金融危機的認知。“黑天鵝”或“灰犀牛”從某個認知角度給我們解釋瞭危機和風險的可能性,然而真實的境況卻常常齣乎意料。 突如其來的新冠病毒疫情,引爆瞭全球市場的恐慌情緒...
圖書標籤: 金融 金融危機 美國 經濟史 English 金融傳記&分析 經濟,政治和曆史 曆史
"Powell,該說的我們都說瞭,還要不要一世英名全看你。”
評分莊傢講述自己如何做莊的故事
評分這本書內容不多,但是後麵關於未來的探討和一些圖很有意思。 3位作者對於未來的擔心集中在: (1)2008年金融危機之前,基準利率是5%+,而2019年隻有2%+,傳統貨幣工具的空間不足; (2)財政赤字在2008年也不用太擔心,所以在金融危機發生後的減稅效果很好。但是特朗普上颱之後就大力減稅,如果發生金融危機後仍然減稅,一方麵麵臨財政赤字上限的約束,另一方麵也麵臨效果邊際遞減的局麵; (3)2008年金融危機期間,兩黨的通力閤作,而在特朗普上颱之後,兩黨之間分歧嚴重。如果發生規模跟之前類似的金融危機,能不能讓國會迅速賦予美聯儲和財政部足夠的權力來拯救危機,是讓人擔憂的。 另外,從後麵的圖錶可以看齣,2008年的金融危機,其危害主要集中在金融市場,而對實體經濟的影響的深度和時間並沒有很大
評分"Powell,該說的我們都說瞭,還要不要一世英名全看你。”
評分"Powell,該說的我們都說瞭,還要不要一世英名全看你。”
Firefighting 2024 pdf epub mobi 電子書 下載