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Informationen zum Autor John H. Wood is R. J. Reynolds Professor of Economics at Wake Forest University, Winston-Salem, North Carolina. He has also taught at the Universities of Birmingham, Pennsylvania, and Singapore and at Northwestern University. A Life Fellow of Clare Hall, Cambridge, and a Visiting Fellow of the American Institute for Economic Research, Professor Wood has also been a full-time or visiting economist at the Federal Reserve Board and the Federal Reserve Banks of Chicago, Dallas, and Philadelphia. His earlier studies of central banking include in 1967 the first application of the theory of economic policy to Federal Reserve behavior. Klappentext This 2005 treatment compares the central banks of Britain and the United States. Zusammenfassung This 2005 book shows that important continuities in central bankers' behavior - response to incentives! desire for financial stability! and susceptibility to government pressures - go a long way toward understanding them! from their beginnings in the Bank of England in 1694 and the first Bank of the United States in 1791! to the present Bank and Federal Reserve. Inhaltsverzeichnis 1. Understanding monetary policy; 2. An introduction to central bankers; 3. Making a central bank: I. Surviving; 4. Making a central bank: II. Looking for a rule; 5. Making a central bank: III. Ends and means; 6. Central banking in the United States, 1790-1914; 7. Before the crash: the origins and early years of the Federal Reserve; 8. The fall and rise of the Federal Reserve, 1929-51; 9. Central banking in the United States after the Great Depression, 1951-71; 10. The Bank of England after 1914; 11. Rules vs. authorities; 12. Permanent suspension; 13. Back to the beginning? New contracts for new companies.
