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Central banking in the twentieth century
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ISBN: 9780521899093 0521899095 9780511782053 9781107628762 9780511992704 051199270X 0511782055 9780511988950 0511988958 0511987145 9780511987144 0511993943 1107219655 1282967061 9786612967061 051199172X 051199074X 1107628768 6612967064 Year: 2011 Publisher: Cambridge New York Cambridge University Press

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"Central banks are powerful but poorly understood organisations. In 1900 the Bank of Japan was the only central bank to exist outside Europe but over the past century central banking has proliferated. John Singleton here explains how central banks and the profession of central banking have evolved and spread across the globe during this period. He shows that the central banking world has experienced two revolutions in thinking and practice, the first after the depression of the early 1930s, and the second in response to the high inflation of the 1970s and 1980s. In addition, the central banking profession has changed radically. In 1900 the professional central banker was a specialised type of banker, whereas today he or she must also be a sophisticated economist and a public official. Understanding these changes is essential to explaining the role of central banks during the recent global financial crisis"--

A history of the Federal Reserve.
Author:
ISBN: 9780226519944 9780226519999 9780226520018 0226520013 0226519945 0226519996 0226520005 9786612538827 0226519988 1282538829 9780226519982 9781282538825 6612538821 Year: 2003 Publisher: Chicago University of Chicago Press

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Allan H. Meltzer's monumental history of the Federal Reserve System tells the story of one of America's most influential but least understood public institutions. This first volume covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951, which marked the beginning of a larger and greatly changed institution. To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970's) to trace the reasoning behind its policy decisions. He explains, for instance, why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact on the institution of individuals such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920's, who played a key role in the adoption of a more active monetary policy by the Federal Reserve. Meltzer also examines the influence the Federal Reserve has had on international affairs, from attempts to build a new international financial system in the 1920's to the Bretton Woods Agreement of 1944 that established the International Monetary Fund and the World Bank, and the failure of the London Economic Conference of 1933. Written by one of the world's leading economists, this magisterial biography of the Federal Reserve and the people who helped shape it will interest economists, central bankers, historians, political scientists, policymakers, and anyone seeking a deep understanding of the institution that controls America's purse strings. "It was 'an unprecedented orgy of extravagance, a mania for speculation, overextended business in nearly all lines and in every section of the country.' An Alan Greenspan rumination about the irrational exuberance of the late 1990's? Try the 1920 annual report of the board of governors of the Federal Reserve. . . . To understand why the Fed acted as it did-at these critical moments and many others-would require years of study, poring over letters, the minutes of meetings and internal Fed documents. Such a task would naturally deter most scholars of economic history but not, thank goodness, Allan Meltzer."-Wall Street Journal "A seminal work that anyone interested in the inner workings of the U. S. central bank should read. A work that scholars will mine for years to come."-John M. Berry, Washington Post "An exceptionally clear story about why, as the ideas that actually informed policy evolved, things sometimes went well and sometimes went badly. . . . One can only hope that we do not have to wait too long for the second installment."-David Laidler, Journal of Economic Literature "A thorough narrative history of a high order. Meltzer's analysis is persuasive and acute. His work will stand for a generation as the benchmark history of the world's most powerful economic institution. It is an impressive, even awe-inspiring achievement."-Sir Howard Davies, Times Higher Education Supplement


Book
The Federal Reserve's role in the global economy
Authors: ---
ISBN: 9781107141445 9781316493595 9781316506554 1107141443 1316493598 131650655X 1316564282 1316566323 1316566668 1316567001 1316567346 1316568709 9781316568705 9781316568361 1316568369 Year: 2016 Publisher: New York

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The importance of international considerations in the US Federal Reserve System's deliberations has become more and more important over time as global financial crises and events create ever stronger repercussions in the US economy. This book critically evaluates the role of the Federal Reserve System as a player in the international monetary system over the past one hundred years, starting with its initial responsibility under the gold standard and looking ahead to the challenges it will face in the twenty-first century under the fiat standard. The book is based on a conference of the same name held at the Federal Reserve Bank of Dallas in September 2014, as part of the Federal Reserve System's centennial, and contributors include many of the most highly regarded financial historians and policymakers.

The British government and the city of London in the twentieth century
Authors: ---
ISBN: 9780511496172 9780521827690 9780521174992 0511230494 9780511230493 9780511231261 0511231261 0511496176 1280703008 9781280703003 0511228872 9780511228872 0511229712 9780511229718 0521827698 1107160197 0511316542 0521174996 Year: 2004 Publisher: New York Cambridge University Press

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The relationship between the British government and the City of London has become central to debates on modern British economic, political and social life. For some the City's financial and commercial interests have exercised a dominant influence over government economic policy, creating a preoccupation with international markets and the strength of sterling which impaired domestic industrial and social well-being. Others have argued that government seriously constricted financial markets, jeopardising Britain's most successful economic sector. This 2004 collection of essays was the first book to address these issues over the entire twentieth century. It brings together leading financial and political historians to assess the government-City relationship from several directions and by examination of key episodes. As such, it will be indispensable not just for the study of modern British politics and finance, but also for assessment of the worldwide problem of tensions between national governments and international financial centres.

The monetary policy of the Federal Reserve
Author:
ISBN: 9780521881326 9780511754173 9780521707596 0521881323 0521707595 1107184959 9786611254926 0511387261 0511386230 0511382596 0511754175 1281254924 0511384408 051138825X 9780511388255 9780511380426 0511380429 9780511384400 9781107184954 9781281254924 6611254927 9780511387265 9780511386237 9780511382598 Year: 2008 Volume: *4 Publisher: Cambridge New York Cambridge University Press

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Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a paper money standard, the conduct of monetary policy becomes a series of experiments useful for understanding the fundamental issues concerning money and prices. How did the recurrent monetary instability of the 20th century relate to the economic instability and to the associated political and social turbulence? After the detour in policy represented by FOMC chairmen Arthur Burns and G. William Miller, Paul Volcker and Alan Greenspan established the monetary standard originally foreshadowed by William McChesney Martin, who became chairman in 1951. The Monetary Policy of the Federal Reserve explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank.

The politics of central banks
Authors: ---
ISBN: 0415144221 1138979007 9786612324949 1134761643 1283837455 1282324942 0203217527 9781134761647 9780203217528 9780415144223 9781283837453 9781282324947 6612324945 9781134761593 9781134761630 9781138979000 Year: 1998 Publisher: London New York Routledge

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This book is a study of power. In particular, it is a study of governmental power in Britain and France. Its focus is the changing relationship between the government and the central bank in the two countries, and it examines the politics of this relationship since the time when the Bank of England and the Bank of France were first created. The book begins by considering the issue of governmental control generally. It then focuses on monetary policy making, and asks what has been the role of governments in this area and what freedom have central banks enjoyed? After a detailed historical a


Book
Constitutional Money
Author:
ISBN: 1139611224 1107238056 1107460077 1139626108 1139609386 1139616803 1139613081 1139506609 1299257747 9781139626101 9781139506601 9781139613088 9781139616805 9781107032545 1107032547 9781139611220 9781107238053 9781107460072 9781139609388 9781299257740 1139622382 Year: 2013 Publisher: Cambridge Cambridge University Press

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This book reviews nine Supreme Court cases and decisions that dealt with monetary laws and gives a summary history of monetary events and policies as they were affected by the Court's decisions. Several cases and decisions had notable consequences on the monetary history of the United States, some of which were blatant misjudgments stimulated by political pressures. The cases included in this book begin with McCulloch v. Maryland in 1819 and end with the Gold Clause Cases in 1934-5. Constitutional Money examines three institutions that were prominent in these decisions: the Supreme Court, the gold standard and the Federal Reserve System. The final chapter describes the adjustments necessary to return to a gold standard and briefly examines the constitutional alternatives.

A financial history of the Netherlands
Authors: --- ---
ISBN: 0521581613 0521142601 0511559755 9780521581615 9780511559754 9780521142601 Year: 1997 Publisher: Cambridge Cambridge University Press

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This book brings together the results of fresh scholarly research to present a unique overview of the financial history of the Netherlands from the sixteenth century onwards. The Netherlands has always occupied a role in international finance way out of proportion with its geographical size. Since the eighteenth century, the country has been one of the largest exporters of capital in the world. In addition, several important financial innovations were pioneered in the Netherlands, such as a funded public debt, the famous Amsterdam Wisselbank, large public limited companies with transferable shares, and securitized international loans. The book shows the evolution of the Dutch financial system during nearly four and a half centuries, detailing the close interrelationship between currency policy, public finance, and banking.

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