The central bank, as we know it, evolved in the wake of the financial panic of 1907 in the US when a private banker, J P Morgan, was called upon to bale out the financial system by injecting liquidity in financial markets...
Alan Greenspan is preparing to hit the publicity trail to promote his eagerly awaited memoirs, just as the feted former chairman's tenure at the US Federal Reserve is facing a revisionist onslaught...
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.