Central Banking in a Democracy - The Federal Reserve and Its Alternatives

The Federal Reserve System, which has been Congress's agent for the control of money since 1913, has a mixed reputation. Its errors have been huge. It was the principal cause of the Great Depression of the 1930s and the inflation of the 1970s, and participated in the massive bailouts of financial institutions at taxpayer's expense during the recent Great Recession.

Sommario

1. Introduction 2. Early central banks 3. Central banking in the United States, 1847-1913 4. The Federal Reserve Sysyem, 1913-51 5. The Federal Reserve, 1951-99 6. The Great Recession 7. Bank regulation 8. Conclusion: The necessity and possibility of replacing the Fed

Info autore

John H. Wood is Reynolds Professor of Economics at Wake Forest University, Winston-Salem, North Carolina, USA.

Riassunto

The Federal Reserve System, which has been Congress’s agent for the control of money since 1913, has a mixed reputation. Its errors have been huge. It was the principal cause of the Great Depression of the 1930s and the inflation of the 1970s, and participated in the massive bailouts of financial institutions at taxpayer’s expense during the recent Great Recession.

Dettagli sul prodotto

• Autori: John Wood, John H. Wood, John H. (Wake Forest University Wood
• Editore: Taylor & Francis Ltd.
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 15.10.2014
• EAN: 9781138016392
• ISBN: 978-1-138-01639-2
• Pagine: 222
• Serie: Routledge Explorations in Economic History; Routledge Explorations in Econ; Routledge Explorations in Economic History; Routledge Explorations in Econ
• Categorie: Scienze sociali, diritto, economia > Economia > Singoli rami economici, branche; Business & Economics / General, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Banks & Banking, Banking, Economic history, History of the Americas, Monetary Economics, Modern Period, C 1500 Onwards