CENTRAL BANKING 101

Super interesting and unbiased. Author makes such a complex topic feel much easier to understand. I also like that, despite focusing on central banks roles and mechanisms, author also explains a lot about the banking system as a whole. Overall very rich reading.

Grâce à ce livre mes connaissances et ma compréhension du système à incroyablement augmenter. Merci beaucoup de nous avoir transmis tout ce savoir ☺️

great! A ton of value! Explain how things work in a monetary system ruled by central bank. It is very interesting

I read this intermittently over a few days and found myself learning a lot about not just the US Fed and its processes but the financial market on a whole. This book offers a succinct and clear outline of how the Fed guides interest rates by directly interacting with various markets - Treasuries, Corporate Bonds, Agency MBS, Commercial Loans. It also offers a clear overview on the major players in the financial market - primary dealers, commercial banks, hedge funds, and a few others. I also appreciated the short blurbs interspersed throughout the chapters which offered a clear walkthrough of real events. One thing I will note though is that this book is very much focused on the US Fed, which is to be expected considering the author's background working on the open market desk. If you're from any other country this would mean that it doesn't offer a 1:1 picture of the specific mechanics of your central bank but I do think it helps in knowing what the right questions are to ask. In sum, I'd say this is worth the short read, especially if you're like me and aren't familiar with financial markets. 5/5

Muito importante para perceber como funciona o dinheiro.