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The Fed and Lehman Brothers : setting the record straight on a financial disaster

Author: Laurence M Ball
Publisher: Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2018. ©2018
Series: Studies in macroeconomic history.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"The bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008 financial crisis and the Great Recession that followed. Ever since the bankruptcy, there has been heated debate about why the Federal Reserve did not rescue Lehman in the same way it rescued other financial institutions, such as Bear Stearns and AIG. The Fed's leaders from that time, especially former Chairman Ben Bernanke, have  Read more...
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Document Type: Book
All Authors / Contributors: Laurence M Ball
ISBN: 9781108420969 1108420966
OCLC Number: 1010970425
Description: xxv, 267 pages : illustrations ; 24 cm.
Contents: 1. Introduction; 2. The crisis of 2008; 3. The legal criteria for Fed assistance; 4. Lehman's balance sheet and solvency; 5. Lehman's liquidity crisis; 6. Lehman's collateral and the feasibility of liquidity support; 7. Fed discussions of collateral and liquidity support; 8. Fed actions that ensured Lehman's bankruptcy; 9. Possible long-term outcomes for Lehman; 10. How risky were the Fed's rescues of other firms?; 11. Who decided that Lehman should fail?; 12. Explaining the Lehman decision; 13. Conclusion; References; Endnotes; Index.
Series Title: Studies in macroeconomic history.
Responsibility: Laurence M. Ball (Johns Hopkins University).

Abstract:

This book will interest scholars and practitioners in economics, finance, accounting and law; all areas in which the Lehman bankruptcy has been a major controversy. It will also appeal to a broad  Read more...

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'What caused the financial crisis of 2008? Are policymakers ready to handle the next one? These are key questions for anyone interested in economic history and policy. In the past decade, a Read more...

 
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