Monetary Policy in the United States: An Intellectual and Institutional HistoryUniversity of Chicago Press, 03.11.1993 - 502 Seiten In this extensive history of U.S. monetary policy, Richard H. Timberlake chronicles the intellectual, political, and economic developments that prompted the use of central banking institutions to regulate the monetary systems. After describing the constitutional principles that the Founding Fathers laid down to prevent state and federal governments from printing money. Timberlake shows how the First and Second Banks of the United States gradually assumed the central banking powers that were originally denied them. Drawing on congressional debates, government documents, and other primary sources, he analyses the origins and constitutionality of the greenbacks and examines the evolution of clearinghouse associations as private lenders of last resort. He completes this history with a study of the legislation that fundamentally changed the power and scope of the Federal Reserve System—the Banking Act of 1935 and the Monetary Control Act of 1980. Writing in nontechnical language, Timberlake demystifies two centuries of monetary policy. He concludes that central banking has been largely a series of politically inspired government-serving actions that have burdened the private economy. |
Inhalt
United States | 1 |
26 | 7 |
Treasury Policy 18111820 | 13 |
States | 28 |
Decline of the Second Bank and Rise of the Treasury | 43 |
Surplus | 51 |
The Independent Treasury System before the Civil War | 65 |
Civil War Inflation and Postwar Monetary Policies | 84 |
Advent of the Federal Reserve System | 214 |
Summary of CentralBanking Development up to 1914 | 235 |
The RealBills Era of the Federal Reserve System | 254 |
The Appearance of the Political Federal Reserve | 274 |
The Reserve Requirement Experiment of | 288 |
19401951 | 300 |
19511967 | 316 |
The Monetary Control Act of 1980 | 362 |
8 | 104 |
Controversy over Currency Denominations | 118 |
Greenbacks | 129 |
The Golden Cloud with the Silver Lining | 146 |
The Fall of Silver | 166 |
Monetary Policy in the Golden Era | 183 |
Associations | 198 |
Stability I | 375 |
Stability II | 390 |
Notes | 421 |
Bibliography | 475 |
490 | |
Andere Ausgaben - Alle anzeigen
Monetary Policy in the United States: An Intellectual and Institutional History Richard H. Timberlake Eingeschränkte Leseprobe - 1993 |
Monetary Policy in the United States: An Intellectual and Institutional History Richard H. Timberlake Keine Leseprobe verfügbar - 1993 |
Häufige Begriffe und Wortgruppen
amount argued bank credit Bank of England bank reserves bank's banking system bill Bland-Allison Act central bank certificates circulation clearinghouse coin coinage commercial bank committee Congress congressional Constitution contraction Crawford debt decline demand Democratic denominations deposit banks depository banks discount dollar economic federal government Federal Reserve System fiscal gold and silver gold standard government securities government's greenbacks House increase Independent Treasury inflation institution issues of treasury legal tender loans ment metallic million monetary policy monetary system money stock national bank notes note issues operations outstanding panic paper currency paper money percent political president price level public lands purchase redeemable redemption regulate rency reserve ratios reserve requirement resumption revenues Second Bank secretary Senate Specie Circular specie payments specie reserves specie standard stock of money surplus tion Treasury Department treasury notes Treasury policy Treasury's United States notes Whig Woodbury
Verweise auf dieses Buch
The Future of Central Banking: The Tercentenary Symposium of the Bank of England Forrest Capie Eingeschränkte Leseprobe - 1994 |
Stabilitätspolitik: theoretische Grundlagen und institutionelle Alternativen Helmut Wagner Keine Leseprobe verfügbar - 2008 |