The power and independence of the Federal Reserve
The power and independence of the Federal Reserve:

The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich hist...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Conti-Brown, Peter 1981- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Princeton Princeton University Press [2018]
Schlagworte:
Federal Reserve System > Board of Governors
Banks and banking, Central > United States
Federal Reserve banks
Monetary policy > United States
Unabhängigkeit
Notenbankpolitik
Geldpolitik
Online-Zugang:DE-521
DE-1043
DE-1046
DE-Aug4
DE-859
DE-860
DE-739
DE-858
Volltext
Zusammenfassung:The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers.Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does—and does not—define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals—within and outside of government—shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed—including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation—requires a reevaluation of the very way the nation's central bank is structured.Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a uniquely clear and timely picture of one of the most important institutions in the United States and the world
Beschreibung:Online-Ausgabe entspricht der 1. Paperback-Ausgabe mit neuem Vorwort
Beschreibung:1 Online-Ressource Illustrationen
ISBN:9781400888412
DOI:10.1515/9781400888412

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