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Was the Great Depression a Watershed for American Monetary Policy?
Calomiris, Charles W. - 1997
The Great Depression changed the institutions governing monetary policy. These changes included the departure from the gold standard, an opening of a a new avenue for monetizing government debt, changes in the structure of the the Federal Reserve System, and new monetary powers of the Treasury....
Persistent link: https://www.econbiz.de/10012472858
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Rules, Discretion, and Central Bank Independence : The German Experience 1880-1989
Eschweiler, Bernhard - 1993
, if commitment is not feasible, delegating monetary policy to an independent and conservative central bank can be second … evidence on the use of rules and central bank independence in monetary policy making. Since the creation of a central monetary … relied both on rules and discretion with central bank independence to achieve the goal of price stability. A comparison of …
Persistent link: https://www.econbiz.de/10012474395
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Greenback Resumption and Silver Risk : The Economics and Politics of Monetary Regime Change in the United States, 1862-1900
Calomiris, Charles W. - 1992
during the 1890s, including an endogenous supply of government licensed money (national bank notes), and a time …
Persistent link: https://www.econbiz.de/10012474802
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Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy
Bordo, Michael D. - 2019
on bank structure, bank regulation, and lender of last resort are also discussed. We argue that the Reserve Banks were …
Persistent link: https://www.econbiz.de/10012480044
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Central Banks : Evolution and Innovation in Historical Perspective
Bordo, Michael D. - 2017
up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and …
Persistent link: https://www.econbiz.de/10012453864
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Monetary Theory from a Chinese Historical Perspective
Xueyi, Zheng - 2010
We discuss monetary thought in ancient China from the perspective of Western monetary theory. It sets out the structure of economic activity in the various dynasties of ancient China and emphasizes the differences in monetary structure from Europe (and later North America). Imperial China was a...
Persistent link: https://www.econbiz.de/10012462563
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Reading the Recent Monetary History of the U.S., 1959-2007
Fernández-Villaverde, Jesús - 2010
In this paper we report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. We use the results of this estimation to examine the recent monetary history of the...
Persistent link: https://www.econbiz.de/10012462722
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Opting Out of the Great Inflation : German Monetary Policy After the Break Down of Bretton Woods
Beyer, Andreas - 2008
international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …
Persistent link: https://www.econbiz.de/10012464053
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The U.S. Constitution and Monetary Powers : An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation's Monetary System Emerged
Grubb, Farley - 2005
The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the nation's monetary structure. They included determining what monies could be legal tender, who could emit fiat paper money, and who could incorporate banks. How the debate at the...
Persistent link: https://www.econbiz.de/10012466888
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A Common Currency : Early U.S. Monetary Policy and the Transition to the Dollar
Rousseau, Peter L. - 2004
convertible metallic base, and create a national Bank that issued notes denominated in the new monetary unit. It also presents …
Persistent link: https://www.econbiz.de/10012467988