Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Competition and Monopoly in the Federal Reserve System, 1914 1951: A Microeconomic Approach to Monetary History

Competition and Monopoly in the Federal Reserve System, 1914 1951: A Microeconomic Approach to Monetary History

Toma, Mark
Bordo, Michael D.
Capie, Forrest

Paperback

Series: Studies in Macroeconomic History

AccountingEconomics

ISBN10: 0521022037
ISBN13: 9780521022033
Publisher: Cambridge University Press
Published: Nov 3 2005
Pages: 148
Weight: 0.50
Height: 0.34 Width: 6.00 Depth: 9.00
Language: English
Many economists view competition among central banks as leading to an over-issue of money. This book challenges the conventional wisdom by showing that competition among Federal Reserve banks in the 1920s did not result in an over-issue problem. The US Congress imposed a more monopolistic structure on the Fed in the mid-1930s so that it could accomodate an increase in the revenue needs of the Treasury. This book is unique in emphasizing the evolution of the Fed's structure from a highly competitive one to a highly monopolistic one.

1 different editions

Also available

Also in

Accounting

View All