Discover the gripping narrative of 'The Courage to Act' by Ben S. Bernanke, a revealing memoir detailing the decisive actions taken during one of the most tumultuous periods in American economic history. With an ISBN of 9780393353990, this brand new 2017 publication from W. W. Norton & Company offers an insider's view of the Federal Reserve's role in navigating through the 2007 housing bubble crisis. Bernanke's firsthand account outlines his journey from academia to becoming the chairman of the Federal Reserve, illustrating the moral courage of policymakers who battled to prevent an unparalleled economic collapse. Fueled by his collaboration with two US presidents and two Treasury secretaries, 'The Courage to Act' demonstrates the critical measures employed to stabilize the economy during the Great Recession. It is essential reading for those interested in understanding the complexities of economic policy and the unique challenges faced during a financial crisis. This compelling book not only chronicles Bernanke's challenges but also showcases the ingenuity and prompt action of leaders in times of distress. Embrace the insights offered by one of the key figures in the crisis and explore the profound implications of his leadership. Perfect for students, economists, and anyone keen on modern financial history. Enjoy free shipping with delivery expected in up to 6 weeks after order placement, with all sales final and no cancellations allowed.

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Condition: BRAND NEW
ISBN: 9780393353990
Year: 2017
Publisher: W W Norton & Company


Description:


In 2006, Ben S. Bernanke was appointed chairman of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood to professorships at Stanford and Princeton, to public service in Washington's halls of power. There would be no time to celebrate, however—the burst of the housing bubble in 2007 set off a domino effect that would bring the global financial system to the brink of meltdown.


In The Courage to Act, Ben Bernanke pulls back the curtain on the tireless and ultimately successful efforts to prevent a mass economic failure. Working with two US presidents and two Treasury secretaries, Bernanke and his colleagues used every Fed capability, no matter how arcane, to keep the US economy afloat. From his arrival in Washington in 2002 and his experiences before the crisis, to the intense days and weeks of the crisis itself, and through the Great Recession that followed, Bernanke gives readers an unequalled perspective on the American economy.


This narrative will reveal for the first time how the creativity and decisiveness of a few key leaders prevented an economic collapse of unimaginable scale. Bernanke explains the inspiration behind the book's title, saying, "When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve, policymakers and staff alike, mustered the moral courage to do what was necessary, often in the face of bitter criticism and condemnation. I am grateful to all of them and proud to have been part of the global effort to contain the most dangerous economic crisis of our time."