Coverart for item
The Resource The international origins of the Federal Reserve System, J. Lawrence Broz

The international origins of the Federal Reserve System, J. Lawrence Broz

Label
The international origins of the Federal Reserve System
Title
The international origins of the Federal Reserve System
Statement of responsibility
J. Lawrence Broz
Creator
Subject
Language
eng
Summary
  • The Federal Reserve Act of 1913 created the infrastructure for the modern American payments system. Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage. Until its passage, the United States had suffered under one of most inefficient payment systems in the world. Serious banking panics erupted frequently, and nominal interest rates fluctuated wildly. Structural and regulatory flaws contributed not only to financial instability at home but also to the virtual absence of the dollar in world trade and payments
  • Key institutional features of the Federal Reserve Act addressed both these shortcomings but it was the goal of internationalizing usage of the dollar that motivated social actors to pressure Congress for the improvements. With New York bankers in the forefront, an international coalition lobbied for a system that would reduce internal problems such as recurring panics, and simultaneously allow New York to challenge London's preeminence as the global banking center and encourage bankers to make the dollar a worldwide currency of record. To those who organized the political effort to pass the Act, Broz contends, the creation of the Federal Reserve System was first and foremost a response to international opportunities
Cataloging source
DLC
http://library.link/vocab/creatorName
Broz, J. Lawrence
Illustrations
illustrations
Index
index present
LC call number
HG2563
LC item number
.B68 1997
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Board of Governors of the Federal Reserve System (U.S.)
  • Federal Reserve banks
  • International finance
  • Monetary policy
Label
The international origins of the Federal Reserve System, J. Lawrence Broz
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
36727003
Dimensions
24 cm
Extent
xiii, 269 pages
Isbn
9780801433320
Isbn Type
(cloth : alk. paper)
Lccn
97011932
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
Label
The international origins of the Federal Reserve System, J. Lawrence Broz
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
36727003
Dimensions
24 cm
Extent
xiii, 269 pages
Isbn
9780801433320
Isbn Type
(cloth : alk. paper)
Lccn
97011932
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations

Library Locations

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      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771471 -117.187496
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