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Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...
Persistent link: https://www.econbiz.de/10012458111
This paper surveys the role of the Federal Reserve within the financial regulatory system, with particular attention to the interaction of the Fed's role as both a supervisor and a lender-of-last-resort (LOLR). The institutional design of the Federal Reserve System was aimed at preventing...
Persistent link: https://www.econbiz.de/10012459369
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a prerequisite for economic development and when we look at Serbia’s history from 1884 to 1914, all we see is a chain of …
Persistent link: https://www.econbiz.de/10014080424
Introduction -- A Pre-history of the Federal Reserve -- Does U.S. History Vindicate Central Banking? - Ben Bernanke … present a thorough and fundamental analysis of the Fed in the recent past, as well as over the entire course of its history … a budding recovery. The book contains not only a critical analysis of the activities of the Fed over its history, but …
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to connected banks. Connected lending of last resort fueled the worst banking crisis in French history, caused an …
Persistent link: https://www.econbiz.de/10013537763
and US over the course of the last two centuries. Professors and students of finance will find A Comparative History of …
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to connected banks. Connected lending of last resort fueled the worst banking crisis in French history, caused an …
Persistent link: https://www.econbiz.de/10013494187