内容

目次

Acknowledgments xi Introduction 1 A Money View Perspective 2 Lessonsfrom the Crisis 6 Chapter One: Lombard Street, Old and New 11 TheInherent Instability of Credit 12 The Old Lombard Street 18 The New LombardStreet 23 Chapter Two: Origins of the Present System 30 From NationalBanking to the Fed 30 From War Finance to Catastrophe 37 NoncommercialCredit in Depression and War 43 Chapter Three: The Age of Management 48Monetary Policy and the Employment Act 52 Listening to the Academics 57Monetary Walrasianism 60 A Dissenting View 65 Chapter Four: The Art ofthe Swap 71 Currency Swaps and the UIP Norm 72 Brave New World 79 FromModern Finance to Modern Macroeconomics 85 Chapter Five: What Do DealersDo? 92 Inside the Money Market 93 Funding Liquidity and Market Liquidity 98Anatomy of a Crisis 103 Monetary Policy 107 Chapter Six: Learning fromthe Crisis 113 The Long Shadow of Jimmy Stewart 116 A Stress Test ofMoulton-Martin 123 Dealer of Last Resort 132 Conclusion 136 Notes 141References 149 Index 159