Format:
1 Online-Ressource (xviii, 688 Seiten)
,
Diagramme
ISBN:
9780226821665
Content:
Intro -- Contents -- List of Figures and Tables -- Chapter One. In Search of the Monetary Standard -- Chapter Two. The Organization of the Book -- Chapter Three. What Causes the Monetary Disorder That Produces Real Disorder? -- Appendix: Tables of the Monetary Contraction Marker by Recession -- Chapter Four. The Creation of the Fed -- 4.1. Populist Opposition to a Central Bank -- 4.2. Reform of the National Banking System and the National Monetary Commission -- 4.3. The Real Bills Foundation of the Early Fed -- 4.4. A Gold Standard Mentality in a Regime of Fiat Money Creation
Content:
4.5. Concluding Comment -- Chapter Five. Why the Fed Failed in the Depression: The 1920s Antecedents -- 5.1. The Real Bills Ethos of the 1920s -- 5.2. Stopping Speculation without the Discipline of Real Bills and the International Gold Standard -- 5.3. The Controversy over Stabilizing the Price Level -- 5.4. Regulating the Flow of Credit: The "Tenth Annual Report" -- 5.5. Controversy over the Monetary Standard: The Eastern Establishment versus the Populists -- 5.6. Concluding Comment -- Chapter Six. A Fiat Money Standard: Free Reserves Operating Procedures and Gold
Content:
6.1. Changing the Monetary Standard with No Understanding of the Consequences -- 6.2. The Fed's Primitive Free Reserves Procedures -- 6.3. Reserves Adjustment and the Call Loan Market -- 6.4. The Pragmatic Development of the New Procedures -- 6.5. Gold Convertibility and Free Gold: Frozen into a Gold Standard Mentality -- 6.6. The Fed's Incomprehension of the Consequences of Its Operating Procedures -- 6.7. Concluding Comment -- Chapter Seven. A Narrative Account of the 1920s -- 7.1. (Mis)Understanding a Paper Money Standard -- 7.2. Benjamin Strong
Content:
7.3. Adolph Miller: The Nemesis of Benjamin Strong -- 7.4. The 1920-21 Recession -- 7.5. Free Gold -- 7.6. Monetary Policy in Recession: 1923-24 and 1926-27 -- 7.7. 1927 -- 7.8. Eliminating Credit Diversion into Securities Speculation -- 7.9. Were the 1920s the "High Tide" of Federal Reserve Monetary Policy? -- 7.10. Concluding Comment -- Chapter Eight. Attacking Speculative Mania -- 8.1. Liquidating Speculative Credit by Liquidating Total Credit -- 8.2. New York: Raise the Discount Rate and Banks Will Cut Back on Speculative Loans
Content:
8.3. The Board: Use "Direct Pressure" to Make Banks Cut Back on Speculative Loans -- 8.4. Marching toward the Great Depression -- 8.5. A Graphical Overview of the Transmission of Contractionary Monetary Policy -- 8.6. Identifying the Cause of the Depression as Contractionary Monetary Policy -- 8.7. Concluding Comment -- Chapter Nine. The Great Contraction: 1929-33 -- 9.1. An Overview of the Great Contraction -- 9.2. The Great Contraction and Unrelievedly Contractionary Monetary Policy -- 9.3. 1930: Why Did the Fed Back Off before Recovery Began?
Note:
Description based upon print version of record
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9.4. Guarding against a Revival of Speculation by Keeping Banks in the Discount Window
Additional Edition:
ISBN 0226821668
Additional Edition:
ISBN 9780226821658
Additional Edition:
Erscheint auch als Druck-Ausgabe Hetzel, Robert L., 1944 - The Federal Reserve Chicago : The University of Chicago Press, 2022 ISBN 9780226821658
Language:
English
Subjects:
Economics
Keywords:
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