Competition and Monopoly in the Federal Reserve System, 1914-1951

Name: Competition and Monopoly in the Federal Reserve System, 1914-1951
Brand: Cambridge University Press
SKU: 9780521022033
Price: 21849 HUF
Availability: InStock

A Microeconomic Approach to Monetary History

Szerző: Mark Toma

Nyelv:

Kötés: Puha kötésű

Kiadó: Cambridge University Press

Elérhetőség: Beszállítói készleten

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In this book Mark Toma explores the workings of the early Federal Reserve System as a means of chall...

Információk a könyvről

Szerző

Mark Toma

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2005

oldal

148

EAN

9780521022033

ISBN

0521022037

Enbook ID

02018268

Kiadó

Cambridge University Press

Súly

237

Méretek

153 x 228 x 4

Teljes leírás

In this book Mark Toma explores the workings of the early Federal Reserve System as a means of challenging the traditional (monetary) approach to central banking. His approach is framed in the spirit of the public choice tradition, but is novel insofar as its focus is the microeconomics of the central banking industry. He develops a series of micro-based models of the banking sector which are used to explain historical developments in central banking. Professor Toma shows that competition among reserve banks in the 1920s did not result in an over-issue of Fed money predicted by the monetary models. He argues that Congress imposed a more monopolistic structure on the Fed in the mid-1930s in order to accommodate the increased revenue demands of the Treasury at the time. The book is unique in emphasizing the evolution of the Federal Reserve from a competitive to a monopolistic structure.

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Competition and Monopoly in the Federal Reserve System, 1914-1951

A Microeconomic Approach to Monetary History

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