The Federal Reserve's Response to the Financial Crisis
In the third lecture, the Chairman describes the financial stability policy responses taken by the Federal Reserve and others in the wake of the crisis and recession.
Lecture Materials
The Federal Reserve's Response to the Financial Crisis (PDF) | Accessible Version
Video Player is loading.
Accessible Keys for Video
[Space Bar] toggles play/pause;
[Right/Left Arrows] seeks the video forwards and back (5 sec );
[Up/Down Arrows] increase/decrease volume;
[M] toggles mute on/off;
[F] toggles fullscreen on/off (Except IE 11);
The [Tab] key may be used in combination with the [Enter/Return] key to navigate and activate control buttons, such as caption on/off.
March 27, 2012Transcript (PDF)
- Lecture
- Video Clip 28: Public-sector vulnerability: GSEs
- Video Clip 29: Bad mortgage products and practices were a key trigger
- Video Clip 30: Financing of exotic and subprime mortgages, inappropriate ratings
- Video Clip 31: The crisis: Narrative of a classic financial panic
- Video Clip 32: Overview of the policy response to the financial crisis
- Video Clip 33: Did the policy response work?
- Video Clip 34: Federal Reserve actions: The discount window and liquidity and credit facilities
- Video Clip 35: Case study of money market funds and the commercial paper market
- Video Clip 36: Support of critical institutions
- Video Clip 37: Consequences of the crisis and comparison of the crisis to the effects of the Great Depression
- Student Q&A