{
"item_title" : "Competition and Monopoly in the Federal Reserve System, 1914 1951",
"item_author" : [" Mark Toma", "Michael D. Bordo", "Forrest Capie "],
"item_description" : "Many economists view competition among central banks as leading to an over-issue of money. This book challenges the conventional wisdom by showing that competition among Federal Reserve banks in the 1920s did not result in an over-issue problem. The US Congress imposed a more monopolistic structure on the Fed in the mid-1930s so that it could accomodate an increase in the revenue needs of the Treasury. This book is unique in emphasizing the evolution of the Fed's structure from a highly competitive one to a highly monopolistic one.",
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Competition and Monopoly in the Federal Reserve System, 1914 1951 : A Microeconomic Approach to Monetary History
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Overview
Many economists view competition among central banks as leading to an over-issue of money. This book challenges the conventional wisdom by showing that competition among Federal Reserve banks in the 1920s did not result in an over-issue problem. The US Congress imposed a more monopolistic structure on the Fed in the mid-1930s so that it could accomodate an increase in the revenue needs of the Treasury. This book is unique in emphasizing the evolution of the Fed's structure from a highly competitive one to a highly monopolistic one.
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Details
- ISBN-13: 9780521022033
- ISBN-10: 0521022037
- Publisher: Cambridge University Press
- Publish Date: November 2005
- Dimensions: 9 x 6 x 0.34 inches
- Shipping Weight: 0.5 pounds
- Page Count: 148
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