|
Books > History > History of specific subjects > Economic history
|
Buy Now
Monetary Policy and the Onset of the Great Depression - The Myth of Benjamin Strong as Decisive Leader (Hardcover, New)
Loot Price: R1,980
Discovery Miles 19 800
|
|
|
Monetary Policy and the Onset of the Great Depression - The Myth of Benjamin Strong as Decisive Leader (Hardcover, New)
Expected to ship within 12 - 19 working days
|
Monetary Policy and the Onset of the Great Depression challenges
Milton Friedman and Anna Schwartz's now-consensus view that the
high tide of the Federal Reserve System in the 1920s was due to the
leadership skills of Benjamin Strong, head of the Federal Reserve
Bank of New York. In this new work, Toma develops a self-regulated
model of the Federal Reserve, which stands in contrast to a
conventional discretionary model. Given the easy redemption of
dollars for gold and the competition among Reserve banks, the
self-regulated model implies that the early Fed could control
neither the money supply nor the price level. Exploiting an
untapped data set, later chapters test the thesis of
self-regulation by focusing on the monetary decisions of individual
Reserve banks.
The micro-based evidence indicates that "Reserve banks really did
compete" - and that Benjamin Strong as decisive leader during the
1920s is a myth. This finding, with its emphasis on monetary policy
in the years leading up to the Great Depression, will be of
interest to scholars, students, and sophisticated lay readers with
an interest in macroeconomic and monetary economic policy issues,
specifically to those with an interest in economic history.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
