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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Lessons Learned: Thomas C. Baxter, Jr., Esq., Alec Buchholtz, Rosalind Z. Wiggins
Lessons Learned: Thomas C. Baxter, Jr., Esq., Alec Buchholtz, Rosalind Z. Wiggins
Journal of Financial Crises
Baxter, who was General Counsel of the Federal Reserve Bank of New York during the crisis, gives us his take on how best to prepare for future crises.
The Early Phases Of The Financial Crisis: Reflections On The Lender Of Last Resort, Timothy F. Geithner
The Early Phases Of The Financial Crisis: Reflections On The Lender Of Last Resort, Timothy F. Geithner
Journal of Financial Crises
This essay discusses the powers and limitations of the Federal Reserve’s role as Lender of Last Resort and how it deployed those powers during the financial crisis of 2007-2009. It considers the Fed’s authorities and the frameworks that it relied on in utilizing its powers to calm markets in turmoil and to assist specific financial institutions.