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Arguably, eliminating suspensions of payments--periods when banks jointly refuse to convert their liabilities into outside money or other assets--was an important impetus for creating the Federal Reserve. Friedman and Schwartz suggest that a suspension in 1930 would have decreased the severity...
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Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong
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Comments at the 10th Anniversary of CLS, New York City.
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Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan.
Persistent link: https://www.econbiz.de/10010725049
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Comments at the 10th Anniversary of CLS, New York City.
Persistent link: https://www.econbiz.de/10010652349
Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong
Persistent link: https://www.econbiz.de/10009001766
Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan.
Persistent link: https://www.econbiz.de/10009001767
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