Central banks and monetary policy

How the London money market worked, and why a central bank lends freely in a panic.

The 1970s disorder: the end of Bretton Woods, oil shocks and petrodollar loans.

The Fed from 1913 to 1951, told from its own minutes and internal memos.

The Volcker Fed from the inside; still the fullest political account.

How inflation targeting worked in the first countries to adopt it.

The 2007 to 2012 crises through three central bankers: Bernanke, King and Trichet.

Why banks should fund themselves with far more equity, and why their objections fail.

How the Federal Reserve was argued into existence, from the 1907 panic to 1913.

Banks turn short-term deposits into long-term loans; why that keeps causing crises.

What Fed independence legally is, versus what people assume.

Quantitative easing told through Thomas Hoenig's dissents.

The central bank as dealer of last resort in a market-based system.

The Fed chair's account of the financial crisis and what the Fed did and why.

A former Fed trader on repo, bills and reserve plumbing.

Insider account of the Fed from Burns through the QE era.

Monetary policy works through credit and bank lending, not the quantity of money.

The 2008 crisis and its aftermath, from inside the New York Fed and the Treasury.

Central banks holding rates down because no other authority will act.

The Fed chair's memoir of his career at Treasury and the Fed, and beating inflation.

title listed on grantspub.com books page

A contested but influential reading of the Bank of Japan's credit guidance.