how the fed moves markets central bank analysis for the modern era

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How The Fed Moves Markets

Author : Evan A. Schnidman
ISBN : 9781137432582
Genre : Business & Economics
File Size : 36. 30 MB
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Central banks have a profound impact on financial markets, and investors struggle to keep informed about their complex policy decisions. Technological and financial developments have transformed the US Federal Reserve Bank from a financial black box into a vocal, increasingly transparent institution—and the result is such a wealth of textual data that clues to future policy decisions may be lost among the details. This book presents a solution to this problem by keeping track of those details. Schnidman and MacMillan demonstrate how the latest advances in automated text analysis, combined with the precision of domain expertise, are the keys to understanding how central banks move markets with their words. The authors outline a method to not only examine every piece of every central bank communication, but to do it in a way that is completely comprehensive and unbiased while quickly yielding hard, quantitative data that can be put to work in modern financial models.

The Fed

Author : Martin Mayer
ISBN : 9780684847405
Genre : Biography & Autobiography
File Size : 84. 90 MB
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A timely, inside look at America's Federal Reserve System reveals how the Fed has reinvented itself in response to changes in the new economy, explaining how it works, how it has changed, its impact on modern business and financial institutions, and more. 50,000 first printing.

Secrets Of The Temple

Author : William Greider
ISBN : 9780671675561
Genre : Business & Economics
File Size : 58. 43 MB
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Reveals how the Federal Reserve under Paul Volcker engineered changes in America's economy

America S Bank

Author : Roger Lowenstein
ISBN : 9781101614129
Genre : Business & Economics
File Size : 61. 14 MB
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A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act. Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians. Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today. From the Hardcover edition.

The Creature From Jekyll Island

Author : G. Edward Griffin
ISBN : 0912986409
Genre : Business & Economics
File Size : 42. 10 MB
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Traces the history of the Federal Reserve, revealing how the American government has used the Reserve as a way to deceive taxpayers and control the global economy and explaining how the Reserve influences the flow of money between citizens, businesses, banks, and the government.

How Do Central Banks Talk

Author : Alan S. Blinder
ISBN : 189812860X
Genre : Business & Economics
File Size : 35. 18 MB
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In the last decade, central banks have become remarkably independent while financial markets have grown more integrated and more volatile. This report, originally presented to a closed meeting of distinguished central and private-sector bankers, academics and representatives of major media, discusses the need for greater accountability and transparency and more carefully managed communication.

The Nation

Author :
ISBN : STANFORD:36105132677720
Genre :
File Size : 74. 57 MB
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