Monetary Policy and the Onset of the Great Depression: The Myth of Benjamin Strong as Decisive Leader
Autor M. Tomaen Limba Engleză Hardback – 18 dec 2013
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Specificații
ISBN-13: 9781137372543
ISBN-10: 1137372540
Pagini: 236
Ilustrații: XIX, 214 p.
Dimensiuni: 152 x 229 x 15 mm
Greutate: 0.45 kg
Ediția:2013
Editura: Palgrave Macmillan US
Colecția Palgrave Macmillan
Locul publicării:New York, United States
ISBN-10: 1137372540
Pagini: 236
Ilustrații: XIX, 214 p.
Dimensiuni: 152 x 229 x 15 mm
Greutate: 0.45 kg
Ediția:2013
Editura: Palgrave Macmillan US
Colecția Palgrave Macmillan
Locul publicării:New York, United States
Cuprins
1. Monetary Policy as Scapegoat 2. Founding of the Federal Reserve System 3. Beyond the Founders' Vision: Benjamin Strong as Decisive Leader or Figurehead? 4. Modeling Discretion versus Self-Regulation 5. The Riefler-Burgess Doctrine 6. Coming to Terms with the Scissors Effect 7. Austrian and Monetarist Theories of the Onset of the Great Depression 8. Coming to Terms with Benjamin Strong 9. Did Reserve Banks 'Really' Compete? 10. What Happened?
Recenzii
"Toma's new book makes an important and original argument - that the decentralized early Federal Reserve System can be better understood as a quasi-competitive money-issuing system than as a unitary central bank - that forcefully challenges the received monetary history of the 1910s and 1920s. Readers who begin as sceptics, when they grapple with the details of the argument, will find themselves compelled to acknowledge the valuable insights and stubborn facts it brings to light." - Lawrence H. White, Professor of Economics, George Mason University, USA
"Toma defends a thesis that is bound to raise other monetary economists' hackles. . . . While many will find such claims hard to swallow, they will also profit, as I have, by pondering Toma's challenge to conventional wisdom." - George Selgin, Professor of Economics, The University of Georgia, USA
"Toma defends a thesis that is bound to raise other monetary economists' hackles. . . . While many will find such claims hard to swallow, they will also profit, as I have, by pondering Toma's challenge to conventional wisdom." - George Selgin, Professor of Economics, The University of Georgia, USA
Notă biografică
Mark Toma is Associate Professor Emeritus of Economics at the University of Kentucky, USA. His research area is monetary history with a special emphasis on the public choice underpinnings of the Federal Reserve System.