The International Origins Of The Federal Reserve System Download Ebook PDF Epub Online

Author : J. Lawrence Broz
Publisher : Cornell University Press
Release : 2018-10-18
Page : 286
Category : Political Science
ISBN 13 : 1501722379
Description :


The Federal Reserve Act of 1913 created the infrastructure for the modern American payments system. Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage. Until its passage, the United States had suffered under one of the most inefficient payment systems in the world. Serious banking panics erupted frequently, and nominal interest rates fluctuated wildly. Structural and regulatory flaws contributed not only to financial instability at home but also to the virtual absence of the dollar in world trade and payments. Key institutional features of the Federal Reserve Act addressed both these shortcomings but it was the goal of internationalizing usage of the dollar that motivated social actors to pressure Congress for the improvements. With New York bankers in the forefront, an international coalition lobbied for a system that would reduce internal problems such as recurring panics, and simultaneously allow New York to challenge London's preeminence as the global banking center and encourage bankers to make the dollar a worldwide currency of record. To those who organized the political effort to pass the Act, Broz contends, the creation of the Federal Reserve System was first and foremost a response to international opportunities.


Author : James Livingston
Publisher : Cornell University Press
Release : 2018-08-06
Page : 250
Category : History
ISBN 13 : 1501724711
Description :


The rise of corporate capitalism during the late 19th and early 20th centuries has long been a source of lively debate among historians. In Origins of the Federal Reserve System, James Livingston approaches this controversial topic from a fresh perspective, asking how, during this era, a "new order of corporation men" made itself the preeminent source of knowledge on all significant economic issues and thereby changed the character of public and political discourse in the United States. The book seeks to uncover the roots of the Federal Reserve System and to explain the awakening and articulation of class consciousness among America's urban elite, two phenomena that its author sees as inseparable. According to Livingston, the movement for banking and monetary reform that led to the creation of the Federal Reserve System played an important role in the general transition from entrepreneurial to corporate capitalism: it was during this struggle for reform that a group of business leaders first emerged as a new corporate social class. This interdisciplinary account of the social, cultural, and intellectual Origins of the Federal Reserve System offers both a discussion of the sources of modern public policy and a persuasive study of upper-class formation in the United States. The book will interest a wide audience of historians, economists, political scientists, sociologists, and others who wish to understand the rise of America's corporate elite, the class that has played a large-if not dominant-role in 20thcentury America.


Author : Stephen W Stathis
Publisher : SAGE
Release : 2009
Page : 514
Category : Political Science
ISBN 13 : 0872899764
Description :


Examines more than fifty significant congressional debates, arranged in chronological order and accompanied by introductory essays that outline the opposing forces and historical context of each debate.


Author : Richard Scott Carnell
Jonathan R. Macey
Publisher : Aspen Publishers
Release : 2021-01-13
Page : 838
Category : Law
ISBN 13 : 1543819745
Description :


The Law of Financial Institutions provides the foundation for a successful course on the law of traditional commercial banks. The book’s clear writing, careful editing, timely content, and concise explanations to provocative questions make a difficult field of law lively and interesting. New to the Seventh Edition: Unified analysis of different types of financial institution under a common framework, using simple mock balance sheets as a way of vividly illustrating the similarities and differences and bringing out the features that lend stability or instability to the financial system. A new chapter dealing with the important topic of financial technology. Extensive treatment of liquidity regulation, one of the most fundamental strategies for ensuring bank safety and soundness. A clear and coherent discussion of capital regulation and provides up-to-date explanations and simple examples of the complex issues surrounding capital adequacy applicable to banks today. A clear, coherent, and interesting account of the essential nature of the banking firm as a financial intermediary that acts as a payment service provider. Text that addresses issues of compliance and risk management that have become central to the management of banking institutions in the years since the financial crisis. Professors and student will benefit from: Important new contributions from Professor Peter Conti-Brown, a nationally renowned expert in banking policy and history Completely revised and updated to reflect important regulatory initiatives and trends Answers to all problem sets available to adopting professors Focuses on topics from economic, political, and doctrinal point of view Interesting and provocative questions with explanations Extensive use of nontraditional materials and professor-written discussions and explanations Excellent organization and careful editing


Author : Michael D. Bordo
William Roberds
Publisher : Cambridge University Press
Release : 2013-03-25
Page :
Category : Business & Economics
ISBN 13 : 1107328403
Description :


This book contains essays presented at a conference held in November 2010 to mark the centenary of the famous 1910 Jekyll Island meeting of leading American financiers and the US Treasury. The 1910 meeting resulted in the Aldrich Plan, a precursor to the Federal Reserve Act that was enacted by Congress in 1913. The 2010 conference, sponsored by the Federal Reserve Bank of Atlanta and Rutgers University, featured assessments of the Fed's near 100-year track record by prominent economic historians and macroeconomists. The final chapter of the book records a panel discussion of Fed policy making by the current and former senior Federal Reserve officials.


Author : Stanley L. Engerman
Robert E. Gallman
Publisher : Cambridge University Press
Release : 1996
Page : 1200
Category : Business & Economics
ISBN 13 : 9780521553087
Description :


Volume III surveys the economic history of the United States and Canada during the twentieth century.


Author : Ben Bernanke
Publisher : Princeton University Press
Release : 2013-02-24
Page : 134
Category : Business & Economics
ISBN 13 : 0691158738
Description :


Collects a series of lectures the chairman of the U.S. Federal Reserve gave in 2012 about the Federal Reserve and the 2008 financial crisis.


Author : Andrew C. Sobel
Publisher : University of Chicago Press
Release : 2012-09-03
Page : 296
Category : Political Science
ISBN 13 : 0226767612
Description :


With American leadership facing increased competition from China and India, the question of how hegemons emerge—and are able to create conditions for lasting stability—is of utmost importance in international relations. The generally accepted wisdom is that liberal superpowers, with economies based on capitalist principles, are best able to develop systems conducive to the health of the global economy. In Birth of Hegemony, Andrew C. Sobel draws attention to the critical role played by finance in the emergence of these liberal hegemons. He argues that a hegemon must have both the capacity and the willingness to bear a disproportionate share of the cost of providing key collective goods that are the basis of international cooperation and exchange. Through this, the hegemon helps maintain stability and limits the risk to productive international interactions. However, prudent planning can account for only part of a hegemon’s ability to provide public goods, while some of the necessary conditions must be developed simply through the processes of economic growth and political development. Sobel supports these claims by examining the economic trajectories that led to the successive leadership of the Netherlands, Britain, and the United States. Stability in international affairs has long been a topic of great interest to our understanding of global politics, and Sobel’s nuanced and theoretically sophisticated account sets the stage for a consideration of recent developments affecting the United States.


Author : David A. Moss
Publisher : Harvard University Press
Release : 2017-02-21
Page : 690
Category : Political Science
ISBN 13 : 0674974093
Description :


Historian David Moss adapts the case study method made famous by Harvard Business School to revitalize our conversations about governance and democracy and show how the United States has often thrived on political conflict. These 19 cases ask us to weigh choices and consequences, wrestle with momentous decisions, and come to our own conclusions.


Author : Thomas Oatley
W. Kindred Winecoff
Publisher : Edward Elgar Publishing
Release : 2014-06-27
Page : 512
Category : Business & Economics
ISBN 13 : 0857938371
Description :


This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, t


Author : Owen Humpage
Publisher : Cambridge University Press
Release : 2015-03-05
Page : 410
Category : Business & Economics
ISBN 13 : 1107099099
Description :


A retrospective on the Federal Reserve, these essays by leading historians and economists investigate how financial infrastructure shapes economic outcomes.


Author : George B. Grey
Publisher : Nova Publishers
Release : 2002
Page : 242
Category : Political Science
ISBN 13 : 9781590330531
Description :


If English is rapidly becoming the international language of choice and necessity, the dollar is racing ahead as the world's currency. This somewhat astonishing development is due in large part to the actions, and deliberate non-actions, of the Federal Reserve. This organisation is responsible for tweaking, pushing and pulling the financial and economic infrastructure of America when it deems it necessary. Its moves and non-moves are scrutinised, analysed, and criticised. This new book offers an in-depth presentation of the proposes and functions of the Federal reserve, several analytical articles and an in-depth bibliography.


Author : James Stuart Olson
Publisher : Greenwood Publishing Group
Release : 2002
Page : 313
Category : Reference
ISBN 13 : 9780313308307
Description :


This ready-reference encyclopedia offers in-depth coverage of the economic, political, and social developments of the Industrial Revolution in the United States from 1750 to 1920. More than 200 substantial entries cover key individuals, significant technologies, inventions, court cases, companies, political institutions, economic events, and legislation. Highlights of the work include numerous entries on developments in water and rail transportation, agriculture, manufacturing, mass production, the labor movement, big government, and the key inventions that changed the American economy. More than 50 historical illustrations and photos enliven the text.


Author : Stefano Ugolini
Publisher : Springer
Release : 2017-11-20
Page : 330
Category : Business & Economics
ISBN 13 : 1137485256
Description :


This book is the first complete survey of the evolution of monetary institutions and practices in Western countries from the Middle Ages to today. It radically rethinks previous attempts at a history of monetary institutions by avoiding institutional approach and shifting the focus away from the Anglo-American experience. Previous histories have been hamstrung by the linear, teleological assessment of the evolution of central banks. Free from such assumptions, Ugolini’s work offers bankers and policymakers valuable and profound insights into their institutions. Using a functional approach, Ugolini charts an historical trajectory longer and broader than any other attempted on the subject. Moving away from the Anglo-American perspective, the book allows for a richer (and less biased) analysis of long-term trends. The book is ideal for researchers looking to better understand the evolution of the institutions that underlie the global economy.


Author : William Greider
Publisher : Simon and Schuster
Release : 1989-01-15
Page : 798
Category : Business & Economics
ISBN 13 : 0671675567
Description :


Reveals how the Federal Reserve under Paul Volcker engineered changes in America's economy


Author : Marshall J. Breger
Gary J. Edles
Publisher : OUP Us
Release : 2015
Page : 562
Category : Law
ISBN 13 : 0199812128
Description :


It is essential for anyone involved in law, politics, and government, as well as students of the governmental process, to comprehend the workings of the federal independent regulatory agencies of the United States. Occasionally referred to as the "headless fourth branch of government," theseagencies do not fit neatly within any of the three constitutional branches. Their members are appointed for terms that typically exceed those of the President, and they cannot be removed from office in the absence of some sort of malfeasance or misconduct. They wield enormous power over the privatesector, and they have foreign analogues.In Independent Agencies in the United States, Marshall Breger and Gary Edles provide a full-length study of the structure and workings of federal independent regulatory agencies in the US. This book focuses on traditional multi-member agencies that have a significant impact on the American economy,such as the Securities and Exchange Commission, the Federal Communications Commission, the National Labor Relations Commission, and the Federal Trade Commission. This work recognizes that the changing kaleidoscope of modern life has led Congress to create idiosyncratic administrative structuresconsisting of independent agencies squarely within the Executive Branch, including government corporations and government-sponsored enterprises, to establish a new construct of independence to meet the changing needs of the administrative state. In the process, Breger and Edles analyze the generalconflict between political accountability and agency independence.This book also compares US with EU and certain UK independent agencies to offer a unique comparative perspective. Included is a first-of-its-kind appendix describing the powers and procedures of the more than 35 independent US federal agencies, with each supplemented by a selective bibliography ofpertinent materials.


Author : Sarah Binder
Mark Spindel
Publisher : Princeton University Press
Release : 2017-08-28
Page : 296
Category : Business & Economics
ISBN 13 : 1400888565
Description :


Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence traces the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence. Binder and Spindel argue that recurring cycles of crisis, blame, and reform propelled lawmakers to create and revamp the powers and governance of the Fed at critical junctures, including the Panic of 1907, the Great Depression, the postwar Treasury-Fed Accord, the inflationary episode of the 1970s, and the recent financial crisis. Marshaling archival sources, interviews, and statistical analyses, the authors pinpoint political and economic dynamics that shaped interactions between the legislature and the Fed, and that have generated a far stronger central bank than anticipated at its founding. The Fed today retains its unique federal style, diluting the ability of lawmakers and the president to completely centralize control of monetary policy. In the long wake of the financial crisis, with economic prospects decidedly subpar, partisan rivals in Congress seem poised to continue battling over the Fed’s statutory mandates and the powers given to achieve them. Examining the interdependent relationship between America’s Congress and its central bank, The Myth of Independence presents critical insights about the future of monetary and fiscal policies that drive the nation’s economy.


Author : Woodrow Wilson International Center for Scholars
Publisher : Woodrow Wilson Center Press
Release : 2008-09-30
Page : 359
Category : Biography & Autobiography
ISBN 13 : 9780801890741
Description :


Some of today’s premier experts on Woodrow Wilson contribute to this new collection of essays about the former statesman, portraying him as a complex, even paradoxical president. Reconsidering Woodrow Wilson reveals a person who was at once an international idealist, a structural reformer of the nation’s economy, and a policy maker who was simultaneously accommodating, indifferent, resistant, and hostile to racial and gender reform. Wilson’s progressivism is discussed in chapters by biographer John Milton Cooper and historians Trygve Throntveit and W. Elliot Brownlee. Wilson’s philosophy about race and nation is taken up by Gary Gerstle, and his gender politics discussed by Victoria Bissel Brown. The seeds of Wilsonianism are considered in chapters by Mark T. Gilderhus on Wilson’s Latin American diplomacy and war; Geoffrey R. Stone on Wilson’s suppression of seditious speech; and Lloyd Ambrosius on entry into World War I. Emily S. Rosenberg and Frank Ninkovich explore the impact of Wilson’s internationalism on capitalism and diplomacy; Martin Walker sets out the echoes of Wilson’s themes in the cold war; and Anne-Marie Slaughter suggests how Wilson might view the promotion of liberal democracy today. These essays were originally written for a celebration of Wilson’s 150th birthday sponsored by the official national memorial to Wilson—the Woodrow Wilson International Center for Scholars—in collaboration with the Woodrow Wilson House. That daylong symposium examined some of the most important and controversial areas of Wilson’s political life and presidency.


Author : Randall E. Parker
Robert M. Whaples
Publisher : Routledge
Release : 2013-02-11
Page : 456
Category : Business & Economics
ISBN 13 : 1135080801
Description :


The Handbook of Major Events in Economic History aims to introduce readers to the important macroeconomic events of the past two hundred years. The chapters endeavour to explain what went on and why during the most significant economic epochs of the nineteenth, twentieth and early twenty-first centuries and how where we are today fits in this historical timeline. Its short chapters reflect the most up-to-date research and are written by well-known economists who are authorities on their subjects. The Handbook of Major Events in Economic History was written with the intent of presenting the professional consensus in explaining the economics driving these historical events.


Author : Harald Badinger
Volker Nitsch
Publisher : Routledge
Release : 2015-10-05
Page : 516
Category : Business & Economics
ISBN 13 : 1317751973
Description :


Routledge Handbook of the Economics of European Integration provides readers with a brief but comprehensive overview of topics related to the process of European integration in the post-World War II period. Its short chapters reflect the most up-to-date and concise research, written by a collective of experts on their own subjects. The aim of this book is twofold. Firstly, the text illustrates the broad and diverse range of issues associated with European integration, and lastly, the key approaches and findings are summarised. Since institutional integration in Europe is an ongoing process, with possibly frequent and sometimes rapid changes, the chapters are intended to focus on the key features of the economic analyses of these topics. A wide and diverse set of economic issues is of direct relevance for European integration. These topics cover various fields, ranging from the history of the European Economic and Monetary Union, EU Trade Policy and the stability of international trade, single market issues over fiscal, monetary and other policies, the crisis that faces the Euro area, and institutions such as EU Council of Ministers. Not surprisingly, many of these issues have also been analysed from a European perspective. This handbook is designed to provide students, researchers, the public and policy makers with ready and accessible knowledge of issues related to European integration and will provide the definitive overview of research in the area.