1.

Record Nr.

UNINA9910809073903321

Titolo

The origins, history, and future of the Federal Reserve : a return to Jekyll Island / / edited by Michael D. Bordo, Rutgers University, New Jersey, William Roberds, Federal Reserve Bank of Atlanta [[electronic resource]]

Pubbl/distr/stampa

Cambridge : , : Cambridge University Press, , 2013

ISBN

1-107-23495-6

1-107-32674-5

1-107-33245-1

1-107-33650-3

1-107-33484-5

1-107-33318-0

1-139-00516-2

Descrizione fisica

1 online resource (xix 431 pages) : digital, PDF file(s)

Collana

Studies in macroeconomic history

Classificazione

BUS027000

Disciplina

332.1/10973

Soggetti

Federal Reserve banks - History

Banks and banking, Central - United States - History

Monetary policy - United States - History

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

"To establish a more effective supervision of banking" : how the birth of the Fed altered bank supervision / Eugene N. White ; ; Comment / Warren Weber -- The promise and performance of the Federal Reserve as lender of last restort 1914-1933 / Michael D. Bordo and David C. Wheelock ; ; Comment / Ellis W. Tallman -- Where it all began : lending of last resort at the Bank of England : monitoring during the Overend-Gurney panic of 1866 / Marc Flandreau and Stefano Ugolini ; ; Comment / Barry Eichengreen -- Volatile times and persistent conceptual errors : U.S. monetary policy, 1914-1951 / Charles W. Calomiris ; ; Comment / Allan H. Meltzer -- Government policy, credit markets, and economic activity / Lawrence J. Christiano and Daisuke Ikeda -- Policy debates at the Federal Open Market Committee, 1993-2002 / Marvin Goodfriend -- Two models of land overvaluation and



their implications / Narayana R. Kocherlakota -- Panel discussion, November 6, 2010 / Ben S. Bernanke, E. Gerald Corrigan, and Alan Greenspan.

Sommario/riassunto

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.