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Competition And Monopoly in the Federal Reserve System, 1914-1951 : A Microeconomic Approach to Monetary History (Paperback)

Author: Toma, Mark

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Product 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.


Publisher Cambridge Univ Pr
Mfg Part# 9780521022033
SKU 202057800
Format Paperback
ISBN10 0521022037
Release Date 4/10/2007
Product Attributes
Book Format Paperback
Number of Pages 0148
Publisher Cambridge University Press
$73.47 + $2.75 shipping
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