國立高雄大學圖資館 |

登入

回首頁

Monetary policy and the onset of the Great Depression :the myth of Benjamin Strong as decisive leader /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Monetary policy and the onset of the Great Depression :Mark Toma.
其他題名:	the myth of Benjamin Strong as decisive leader /
作者:	Toma, Mark,
面頁冊數:	1 online resource.
標題:	1900 - 1999
標題:	Depressions1929United States.
標題:	United States
電子資源:	https://link.springer.com/book/10.1057/9781137371621
ISBN:	1137371625 (electronic bk.)

Monetary policy and the onset of the Great Depression :the myth of Benjamin Strong as decisive leader /
Toma, Mark,

Monetary policy and the onset of the Great Depression :the myth of Benjamin Strong as decisive leader /Mark Toma. - 1 online resource.

1. Monetary Policy as Scapegoat -- 2. Founding of the Federal Reserve System -- 3. Beyond the Founders' Vision: Benjamin Strong as Decisive Leader or Figurehead? -- 4. Modeling Discretion versus Self-Regulation -- 5. The Riefler-Burgess Doctrine -- 6. Coming to Terms with the Scissors Effect -- 7. Austrian and Monetarist Theories of the Onset of the Great Depression -- 8. Coming to Terms with Benjamin Strong -- 9. Did Reserve Banks 'Really' Compete? -- 10. What Happened?.

"Monetary Policy and the Onset of the Great Depression" challenges Milton Friedman and Anna Schwartz's now-consensus view that the high tide of the Federal Reserve System in the 1920s was due to the leadership skills of Benjamin Strong, head of the Federal Reserve Bank of New York. In this new work, Toma develops a self-regulated model of the Federal Reserve, which stands in contrast to a conventional discretionary model. Given the easy redemption of dollars for gold and the competition among Reserve banks, the self-regulated model implies that the early Fed could control neither the money supply nor the price level. Exploiting an untapped data set, later chapters test the thesis of self-regulation by focusing on the monetary decisions of individual Reserve banks. The micro-based evidence indicates that "Reserve banks really did compete" and that Benjamin Strong as decisive leader during the 1920s is a myth. This finding, with its emphasis on monetary policy in the years leading up to the Great Depression, will be of interest to scholars, students, and sophisticated lay readers with an interest in macroeconomic and monetary economic policy issues, specifically to those with an interest in economic history.

ISBN: 1137371625 (electronic bk.)

Source: 704988Palgrave Macmillanhttp://www.palgraveconnect.comSubjects--Personal Names:

687376
Strong, Benjamin,
1872-1928.Subjects--Corporate Names:

185051
Board of Governors of the Federal Reserve System (U.S.)
Subjects--Chronological Terms:

1900 - 1999
Subjects--Topical Terms:

240678
Depressions
--United States.--1929Subjects--Geographical Terms:

236377
United States
Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HG538

Dewey Class. No.: 332.112097309042

Monetary policy and the onset of the Great Depression :the myth of Benjamin Strong as decisive leader /
LDR:03099cmm a2200373Ki 4500 001 438644
003 OCoLC
005 20140910115800.0
006 m o d
007 cr cnu---unuuu
008 150123s2013 enka o 000 0 eng d
020 $a 1137371625 (electronic bk.)
020 $a 9781137371621 (electronic bk.)
029 1 $a DKDLA $b 820120-katalog:000657124
035 $a (OCoLC)867770115
035 $a ocn867770115
037 $a 704988 $b Palgrave Macmillan $n http://www.palgraveconnect.com
040 $a UKPGM $b eng $e rda $e pn $c UKPGM $d IDEBK $d OCLCO $d DKDLA $d CDX $d N $d OCLCO $d E7B $d OCLCF
043 $a n-us---
049 $a TEFA
050 4 $a HG538
072 7 $a BUS $x 027000 $2 bisacsh
082 0 4 $a 332.112097309042 $2 23
100 1 $a Toma, Mark, $e author. $3 687375
245 1 0 $a Monetary policy and the onset of the Great Depression : $b the myth of Benjamin Strong as decisive leader / $c Mark Toma.
264 1 $a Basingstoke : $b Palgrave Macmillan, $c 2013.
300 $a 1 online resource.
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
505 0 $a 1. Monetary Policy as Scapegoat -- 2. Founding of the Federal Reserve System -- 3. Beyond the Founders' Vision: Benjamin Strong as Decisive Leader or Figurehead? -- 4. Modeling Discretion versus Self-Regulation -- 5. The Riefler-Burgess Doctrine -- 6. Coming to Terms with the Scissors Effect -- 7. Austrian and Monetarist Theories of the Onset of the Great Depression -- 8. Coming to Terms with Benjamin Strong -- 9. Did Reserve Banks 'Really' Compete? -- 10. What Happened?.
520 $a "Monetary Policy and the Onset of the Great Depression" challenges Milton Friedman and Anna Schwartz's now-consensus view that the high tide of the Federal Reserve System in the 1920s was due to the leadership skills of Benjamin Strong, head of the Federal Reserve Bank of New York. In this new work, Toma develops a self-regulated model of the Federal Reserve, which stands in contrast to a conventional discretionary model. Given the easy redemption of dollars for gold and the competition among Reserve banks, the self-regulated model implies that the early Fed could control neither the money supply nor the price level. Exploiting an untapped data set, later chapters test the thesis of self-regulation by focusing on the monetary decisions of individual Reserve banks. The micro-based evidence indicates that "Reserve banks really did compete" and that Benjamin Strong as decisive leader during the 1920s is a myth. This finding, with its emphasis on monetary policy in the years leading up to the Great Depression, will be of interest to scholars, students, and sophisticated lay readers with an interest in macroeconomic and monetary economic policy issues, specifically to those with an interest in economic history.
588 $a Description based on print version record.
600 1 0 $a Strong, Benjamin, $d 1872-1928. $3 687376
610 2 0 $a Board of Governors of the Federal Reserve System (U.S.) $3 185051
610 2 4 $a Board of Governors of the Federal Reserve System (US) $x History. $3 687377
648 7 $a 1900 - 1999 $2 fast
650 0 $a Depressions $y 1929 $z United States. $3 240678
650 0 $a Federal Reserve banks $x History. $3 683552
650 0 $a Monetary policy $z United States $x History $y 20th century. $3 397471
650 7 $a BUSINESS & ECONOMICS / Finance $2 bisacsh $3 564606
650 7 $a Depressions. $3 176619
650 7 $a Economic & financial crises & disasters $y c 1918 to c 1939 (Inter-war period) $z USA $2 bicssc $3 687378
650 7 $a Economic history $y c 1918 to c 1939 (Inter-war period) $z USA $2 bicssc $3 687379
650 7 $a Economic history. $3 177012
650 7 $a Economics $3 187507
650 7 $a Federal Reserve banks. $3 245747
650 7 $a Monetary economics $y c 1918 to c 1939 (Inter-war period) $z USA $2 bicssc $3 687380
650 7 $a Monetary policy. $3 182879
651 0 $a United States $3 236377
651 7 $a United States. $t Constitution. $3 235877
655 4 $a Electronic books. $2 local. $3 214472
655 7 $a History. $2 fast $3 685445
776 0 8 $i Print version: $a Toma, Mark, author. $t Monetary policy and the onset of the Great Depression $z 9781137372543 $w (OCoLC)861318686
856 4 0 $3 Palgrave Connect $u https://link.springer.com/book/10.1057/9781137371621