The United States has had a tumultuous monetary and banking history. The bitter Bank War during Andrew Jackson’s presidency meant that the country never developed a central bank in the 1800s. The pre–Civil War monetary standard was deflationary until the fortuitous California gold discovery. Political turmoil erupted later in the nineteenth century over whether the government should freely coin silver. Meanwhile, Congress imposed a banking system that virtually drove bank reserves into stock market speculation. Even when the Federal Reserve was finally established in 1913, it was initially decentralized and unable to effectively respond to the Great Depression. From this narrative emerges a money supply increasingly managed by central banking authorities and increasingly nationalized with the end of the gold standard. Efficient Macro Concept: U.S. Monetary, Industrial, and Foreign Exchange Policies shows that the next step forward is a set of industrial and foreign exchange policy options for driving real growth in the economy. Stronger economic growth is possible through specialized institutions and transactions rooted in the tradition of central banking but flexible and compatible with free enterprise and balanced budgets.[by back cover]
內容簡介來源:
The money supply in historical perspective
1.Beyond monetary policy
2.The development of a specie standard
3.The U.S. banks and antebellum panics
4.Greenbacks, gold, and silver purchases
5.The national banking system
6.Reform proposals and legislation
7.The early Federal Reserve
8.The Great Depression
9.Postwar adjustments
10.The great inflation
11.The Fiat era
Industrial and foreign exchange policy options
12.The need for efficiency
13.EDAS I
14.EDAS II
15.EDAS III
16.CNF
17.EDAS IV
18.ESF
19.Monetary policy outflow/inflow
20.Market stability
Glossary
Bibliography.
借閱次數
: 
點閱：277
評分：0
評論：0
引用：0
