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- DescriptionIn December 2012, as a kick-off to the Federal Reserve System's centennial, the Federal Reserve Bank of Cleveland asked leading monetary historians and macroecomic ecomists to address current and recurring ecomic concerns that confront central banks from a historical perspective. The resulting papers, published in this volume, cover a wide range of issues, including the meaning of central-bank independence, the role of communications and rules in fostering credibility, the evolution of the lender-of-last-resort function, the mechanism through which banks transmit ecomic shocks, and prospects for a European monetary union. A retrospective on the Federal Reserve, this book contains essays by some of the world's most prominent financial historians and provides a thorough overview of the evolution of the monetary standard over the past two centuries. Offering historical context as a complement to ecomic theory and empiricism, these papers investigate how financial infrastructure shapes ecomic outcomes through comparisons of Canada and the United States.
- Author BiographyOwen Humpage is a senior economic advisor in the research department at the Federal Reserve Bank of Cleveland. His research has been published in the International Journal of Central Banking, the International Journal of Finance and Economics, the Journal of International Financial Markets, Institutions and Money, and the Journal of Money, Credit and Banking. Dr Humpage has taught economics at Oberlin College and Case Western Reserve University.
- PublisherCambridge University Press
- Date of Publication05/03/2015
- SubjectEconomics: Professional & General
- Series TitleStudies in Macroeconomic History
- Place of PublicationCambridge
- Country of PublicationUnited Kingdom
- ImprintCambridge University Press
- Content Note58 b/w illus.
- Weight770 g
- Width152 mm
- Height228 mm
- Spine27 mm
- Edited byOwen F. Humpage
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