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Genre/Form: | Electronic books History |
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Additional Physical Format: | Print version: Shull, Bernard, 1931- Fourth branch. Westport, Conn. : Praeger Publishers, 2005 (DLC) 2005009815 (OCoLC)59360106 |
Material Type: | Document, Internet resource |
Document Type: | Internet Resource, Computer File |
All Authors / Contributors: |
Bernard Shull |
ISBN: | 9780313068782 031306878X |
OCLC Number: | 540741253 |
Description: | 1 online resource (xvi, 254 pages) |
Contents: | Introduction -- The Federal Reserve's legacy -- The idea of a "central bank" -- A shock to the system: 1919-1921 -- Coordinated open market operations -- Collapse and revival: 1929-35 -- Stagflation and the monetary experiment of 1979-82 -- The Federal Reserve's ascent -- Final remarks. |
Responsibility: | Bernard Shull. |
More information: |
Abstract:
Shrouded in mystery, managed behind closed doors, and the subject of both awe and derision, the Federal Reserve is commonly referred to as the fourth branch of our federal government, with wide-ranging influence over monetary policy, and by extension, banking, price levels, employment rates, and economic growth, income, and wealth. Bernard Shull traces the fascinating and improbable history of this institution from its establishment by an Act of Congress in 1913 to the present day. His careful analysis reveals a paradoxical phenomenon: focusing on three periods of economic stress (the inflatio.
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