Fighting Financial Crises

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Exploring the National Banking Era (1863-1913), the authors highlight the precariousness of banking before the Federal Reserve, when customers faced real risks of losing their savings. They draw parallels between historical banking panics and the recent financial crisis, analyzing how past crises were managed and resolved. By examining the responses from the Federal Reserve and SEC to contemporary challenges, the book offers valuable insights into the functioning of today's economy and the lessons learned from history.