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The Financial Crisis and Federal Reserve Policy is fully revised and updated with the most accurate and thorough coverage available of the causes and consequences of the 2008 Financial Crisis and the role the Federal Reserve played in the recovery efforts.

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1. Post-Crisis Recovery Efforts 2. European Sovereign Debt Crisis 3. The Panic of 1907 and the Savings and Loan Crisis 4. Development of the Housing and Credit Bubbles 5. Bursting of the Twin Bubbles 6. The Great Crisis and Great Recession of 2007-2009 7. The Framework of Federal Reserve Monetary Control 8. Federal Reserve Policy in the Great Depression 9. The Federal Reserve´s Response to the Great Crisis 10. The Federal Reserve´s Exit Strategy and the Threat of Inflation 11. Regulatory Reform Proposals

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Lloyd B. Thomas is Professor of Economics and Department Head at Kansas State University, USA. He has published in numerous economics journals and has written several textbooks, including Money, Banking, and Economic Activity (Prentice-Hall: 1979, 1982, 1986) and Principles of Economics (Harcourt, Brace, Jovanovich: 1990, 1993, co-authored with James Ragan). His most recent textbook, entitled Money, Banking, and Financial Markets, was published by McGraw-Hill in 1997. Thomas has served as a visiting professor at the University of California-Berkeley, University of Delaware, and Indiana University-Bloomington. His work has appeared in Economic Letters, Journal of Economic Perspectives, Business Economics, and Quarterley Review of Economics and Finance.

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