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Lecture Money, banking, and financial markets (3/e): Chapter 16 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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Lecture Money, banking, and financial markets (3/e): Chapter 16 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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The world’s leading central banks played a key role in bringing the financial system and the economy back to safe harbor after the peak of the financial crisis in 2008. They acted in unprecedented fashion to prevent the financial system from capsizing and, over time, to restore financial and economic stability. Chapter 16 provides knowledge of the structure of central banks: The federal reserve and the European central bank.

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