Miller, Jon R.; Genc, Ismail - In: The Annals of Regional Science 36 (2002) 1, pp. 123-138
The U.S. Federal Reserve System (Fed) has a unique regional structure, one with a large amount of autonomy and authority for its twelve regional district banks. In this paper we briefly review the history behind establishment of this structure in 1913, and address the question, "Does this...