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{ "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.", "item_img_path" : "https://covers2.booksamillion.com/covers/bam/0/52/102/203/0521022037_b.jpg", "price_data" : { "retail_price" : "62.00", "online_price" : "62.00", "our_price" : "62.00", "club_price" : "62.00", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }
Competition and Monopoly in the Federal Reserve System, 1914 1951|Mark Toma

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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