Before the Fed - Couverture souple

Moen, Jon

Couverture souple

ISBN 10 : 1009291564 ISBN 13 : 9781009291569

Editeur : Cambridge University Press, 2025

Synopsis

In the 19th century the United States had no formal central bank or lender of last resort, but it did have J. P. Morgan. His unique knowledge of financial markets gave him almost omniscient knowledge for crafting solutions to financial crises. Before the Fed examines Morgan's unusual role in resolving the National Banking Era crises in the U. S., exploring the rocky relationships and ultimatums he used to settle financial panics. It traces how he learned crisis management lessons from his father, passing it along to his son in turn. Citing his own ledgers, telegrams and testimony, Jon Moen and Mary Tone Rodgers detail how Morgan applied and modified routine business practices to solve non-routine crises, managing risk and reward in emergency lending. Analyzing forty last resort loans made over his fifty-year career, the authors challenge the invincibility folklore surrounding Morgan, uncovering how he stabilized American markets when others could not.

A propos du livre

À propos des auteurs

Jon Moen is a Professor of Economics at the University of Mississippi. He has published papers on US slavery, retirement, and bank panics during the National Banking Era. He is a member of the Economic History Association, the Economic History Society, and the Cliometrics Society.

Mary Tone Rodgers is an Adjunct Instructor of Finance and Economics at the State University of New York. She enjoyed a 30-year career at Merrill Lynch before moving to academia where she received the 2022 Chancellor's Award for Excellence in Teaching.

Détails de l'édition

• Éditeur: Cambridge University Press
• Date d'édition: 2025
• Langue: anglais
• ISBN 10: 1009291564
• ISBN 13: 9781009291569
• Reliure: Broché
• Nombre de pages: 292
• Coordonnées du fabricant: non disponible
• Personne responsable: Avery; https://www.avery.fr/; ; chemin des peupliers 27; Dardilly; France