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"Mitchel Abolafia goes behind the scenes with the Federal Reserve's powerful Open Market Committee as it responded to the 2008-2009 financial crisis. Relying on verbatim transcripts of closed meetings, Abolafia shows how assumptions about self-correcting markets stymied the Fed and how its leaders came to embrace new ideas"--.
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Table of Contents
- Cover
- Title Page
- Copyright
- Dedication
- Contents
- Introduction: Making Sense of a Crisis
- 1. No Crystal Ball: August 2007
- 2. Textures of Doubt: September–December 2007
- 3. A Learning Moment? January 2008
- 4. Improvising in a Liquidity Crisis: March 2008
- 5. Contested Frames / Competing Logics: April–August 2008
- 6. Accounting for a Legitimacy Crisis: September 2008
- 7. Learning after Lehman: September–December 2008
- 8. The Pathos and Irony of Technocratic Control
- Appendix A: Members of the Federal Open Market Committee, August 2007–December 2008
- Appendix B: A Note on Methods
- Notes
- Acknowledgments
- References
- Index
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