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- A practical guide to SEC ï¬nancial reporting and disclosures for successful regulatory crowdfunding
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- The Health Equity Accelerator at Boston Medical Center
- Monosha Biotech: Growth Challenges of a Social Enterprise Brand
- Assessing the Value of Unifying and De-duplicating Customer Data, Spreadsheet Supplement
- Building an AI First Snack Company: A Hands-on Generative AI Exercise, Data Supplement
- Building an AI First Snack Company: A Hands-on Generative AI Exercise
- Board Director Dilemmas: The Tradeoffs of Board Selection
- Barbie: Reviving a Cultural Icon at Mattel (Abridged)
- Happiness Capital: A Hundred-Year-Old Family Business's Quest to Create Happiness
Greenspan's Conundrum and Bernanke's Nightmare
內容大綱
At what point in a recession should the Fed institute an arguably risky expansionary monetary policy-namely, aggressive Fed purchasing of long-term Treasury bonds? Federal Reserve Board Chairman Ben Bernanke faced this question in 2009. Suitable for both core and elective MBA courses in global financial markets, this case examines the risks associated with a policy so perilously close to monetizing the budget deficit. Students consider the factors behind the current and prospective levels of U.S. long-term interest rates from Bernanke's perspective. Already, the Federal Open Market Committee had lowered the federal funds rate from 5.25% in 2007 to roughly 0%; it had also begun an almost unfathomable effort to free up frozen credit markets and easing credit to loosen monetary conditions even further.