The Power and Independence of the Federal Reserve

Business & Finance, Business Reference, Government & Business, Finance & Investing, Banks & Banking
Cover of the book The Power and Independence of the Federal Reserve by Peter Conti-Brown, Peter Conti-Brown, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Peter Conti-Brown, Peter Conti-Brown ISBN: 9781400888412
Publisher: Princeton University Press Publication: October 3, 2017
Imprint: Princeton University Press Language: English
Author: Peter Conti-Brown, Peter Conti-Brown
ISBN: 9781400888412
Publisher: Princeton University Press
Publication: October 3, 2017
Imprint: Princeton University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Princeton University Press

Cover of the book General Equilibrium Theory of Value by Peter Conti-Brown, Peter Conti-Brown
Cover of the book Blessed Are the Organized by Peter Conti-Brown, Peter Conti-Brown
Cover of the book Troublemaker by Peter Conti-Brown, Peter Conti-Brown
Cover of the book The Quotable Jung by Peter Conti-Brown, Peter Conti-Brown
Cover of the book The Princeton Encyclopedia of the World Economy. (Two volume set) by Peter Conti-Brown, Peter Conti-Brown
Cover of the book The Flight from Reality in the Human Sciences by Peter Conti-Brown, Peter Conti-Brown
Cover of the book The Power of Ideas by Peter Conti-Brown, Peter Conti-Brown
Cover of the book Europe and the Islamic World by Peter Conti-Brown, Peter Conti-Brown
Cover of the book No Enchanted Palace by Peter Conti-Brown, Peter Conti-Brown
Cover of the book The Theory of Corporate Finance by Peter Conti-Brown, Peter Conti-Brown
Cover of the book The Neanderthal Legacy by Peter Conti-Brown, Peter Conti-Brown
Cover of the book From a Philosophical Point of View by Peter Conti-Brown, Peter Conti-Brown
Cover of the book How Mathematicians Think by Peter Conti-Brown, Peter Conti-Brown
Cover of the book Seeing the World by Peter Conti-Brown, Peter Conti-Brown
Cover of the book Surviving Death by Peter Conti-Brown, Peter Conti-Brown
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy