Power and Independence of the Federal Reserve (eBook)

Peter Conti-Brown (Autor)

eBook Download: EPUB

2017
360 Seiten
Princeton University Press (Verlag)
978-1-4008-8841-2 (ISBN)

Infos

An in-depth look at the history, leadership, and structure of the Federal Reserve BankThe 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 "e;Federal Reserve independence"e;? 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.

Autor

Peter Conti-Brown is assistant professor of legal studies and business ethics at the Wharton School of the University of Pennsylvania. He is the coeditor of When States Go Broke and Research Handbook on Central Banking.

Produkt-Details

• Erscheint lt. Verlag: 3.10.2017
• Nachwort: Peter Conti-Brown
• Zusatzinfo: 8 b/w illus., 1 table
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: Accountability • Accounting • Alan Greenspan • Appointee • asset • bailiwick • Bailout • balance sheet • Bank • bank holding company • Banking in the United States • Bank of England • Bank regulation • behalf • Ben Bernanke • Bill Clinton • Board of Directors • Board of governors • bureaucrat • Carter Glass • Central Bank • chairman • Chair of the Federal Reserve • Commercial Bank • Conspiracy Theory • consumer • Consumer Financial Protection Bureau • Council of Economic Advisers • Creditor • Currency • debt • dividend • Dodd–Frank Wall Street Reform and Consumer Protection Act • Economic Policy • Economics • economist • economy • Employment • Expense • Federal Open Market Committee • Federal Reserve Bank • federal reserve bank of new york • federal reserve board of governors • Federal Reserve Note • Financial Crisis • Financial crisis of 2007–08 • Financial institution • Financial regulation • Financial Regulator • Financial Services • Fiscal Policy • Funding • General Counsel • Glass–Steagall Legislation • Governance • government agency • Government bond • Government Debt • Ideology • income • Inflation • Insider • Institution • Interest Rate • J. P. Morgan • Legislation • Lehman Brothers • Lender of last resort • Macroeconomics • market liquidity • Market Participant • Member of Congress • Milton Friedman • Monetarism • monetary authority • monetary policy • Money Supply • Open market operation • Paul Volcker • Policy • Political Science • Politician • Politics • private Bank • Provision (accounting) • Publication • Real bills doctrine • Recession • Regulation • Regulatory Agency • salary • Statute • Supervisor • Timothy Geithner • United States Department of the Treasury • Vetting • Walter Bagehot • william mcchesney martin • Woodrow Wilson • World Economy
• ISBN-10: 1-4008-8841-7 / 1400888417
• ISBN-13: 978-1-4008-8841-2 / 9781400888412