MARC Record from Library of Congress

LEADER: 03249cam a22004098i 4500
001 2015019984
003 DLC
005 20150530083605.0
008 150528s2016 nju b 001 0 eng
010 $a 2015019984
020 $a9780691164007 (hardback)
040 $aDLC$beng$erda$cDLC
042 $apcc
043 $an-us---
050 00 $aHG2563$b.C596 2016
082 00 $a332.1/10973$223
084 $aBUS079000$aBUS004000$aBUS045000$aBUS051000$aPOL024000$2bisacsh
100 1 $aConti-Brown, Peter,$d1981-
245 14 $aThe power and independence of the Federal Reserve /$cPeter Conti-Brown.
263 $a1602
264 1 $aPrinceton :$bPrinceton University Press,$c[2016]
300 $apages cm
336 $atext$2rdacontent
337 $aunmediated$2rdamedia
338 $avolume$2rdacarrier
520 $a"The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers. Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does--and does not--define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals--within and outside of government--shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed--including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation--requires a reevaluation of the very way the nation's central bank is structured. Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a clear picture of this uniquely important institution"--$cProvided by publisher.
504 $aIncludes bibliographical references and index.
610 10 $aUnited States.$bFederal Reserve Board.
650 0 $aFederal Reserve banks.
650 0 $aBanks and banking, Central$zUnited States.
650 0 $aMonetary policy$zUnited States.
651 0 $aUnited States$xEconomic policy.
650 7 $aBUSINESS & ECONOMICS / Government & Business.$2bisacsh
650 7 $aBUSINESS & ECONOMICS / Banks & Banking.$2bisacsh
650 7 $aBUSINESS & ECONOMICS / Money & Monetary Policy.$2bisacsh
650 7 $aBUSINESS & ECONOMICS / Public Finance.$2bisacsh
650 7 $aPOLITICAL SCIENCE / Public Policy / Economic Policy.$2bisacsh