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" The fourth branch : "
Bernard Shull.
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BL
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| Record Number
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971622
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| Doc. No
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b725992
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| Main Entry
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Shull, Bernard,1931-
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| Title & Author
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The fourth branch : : the Federal Reserve's unlikely rise to power and influence /\ Bernard Shull.
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| Publication Statement
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Westport, Conn. :: Praeger Publishers,, 2005.
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| Page. NO
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1 online resource (xvi, 254 pages)
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| ISBN
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031306878X
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: 9780313068782
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1567206247
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| Bibliographies/Indexes
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Includes bibliographical references (pages 227-243) and index.
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| Contents
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Introduction -- The Federal Reserve's legacy -- The idea of a "central bank" -- A shock to the system: 1919-1921 -- Coordinated open market operations -- Collapse and revival: 1929-35 -- Stagflation and the monetary experiment of 1979-82 -- The Federal Reserve's ascent -- Final remarks.
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| Abstract
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Shrouded in mystery, managed behind closed doors, and the subject of both awe and derision, the Federal Reserve is commonly referred to as the fourth branch of our federal government, with wide-ranging influence over monetary policy, and by extension, banking, price levels, employment rates, and economic growth, income, and wealth. Bernard Shull traces the fascinating and improbable history of this institution from its establishment by an Act of Congress in 1913 to the present day. His careful analysis reveals a paradoxical phenomenon: focusing on three periods of economic stress (the inflatio.
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Board of Governors of the Federal Reserve System (U.S.)-- History.
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Board of Governors of the Federal Reserve System (U.S.)
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| Subject
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BUSINESS ECONOMICS-- Banks Banking.
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Economic policy.
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United States, Economic policy, 20th century.
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United States.
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| Dewey Classification
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332.1/1/0973
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| LC Classification
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HG2563.S58 2005eb
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