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Author: Harold L. Reed
Publisher:
ISBN: 9781330834954
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
Excerpt from The Development of Federal Reserve Policy Owing to the unusual character of the period during which its policy has been developed, many misconceptions have become current regarding the nature and purpose of the Federal Reserve banking system. Some of these misconceptions are so far-reaching as to create serious difficulties for its management. No central banking system can be administered efficiently in an atmosphere of prejudice and misunderstanding. The business public, in its appraisal of the system's management, must be led to apply the tests of sound principles of economics and finance rather than those merely of immediate, individual advantage. It, accordingly, has been the writer's endeavor to do what little his capacities permit to stimulate a proper spirit of inquiry regarding Federal Reserve matters. It has appeared to the writer that a careful examination of the development of the reserve system could be made most opportunely by one not connected with its management. As a minor spur to the writer's efforts there has been the belief that no study offers superior opportunities for investigating the working of the principles of money and credit under contemporary conditions of business and industry. While the book was written for the general reading public, rather than for classroom purposes, it may serve as a second book to follow the reading of one of the elementary texts in college courses in Money and Banking. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Harold L. Reed
Publisher:
ISBN: 9781330834954
Category : Business & Economics
Languages : en
Pages : 370
Get Book Here
Book Description
Excerpt from The Development of Federal Reserve Policy Owing to the unusual character of the period during which its policy has been developed, many misconceptions have become current regarding the nature and purpose of the Federal Reserve banking system. Some of these misconceptions are so far-reaching as to create serious difficulties for its management. No central banking system can be administered efficiently in an atmosphere of prejudice and misunderstanding. The business public, in its appraisal of the system's management, must be led to apply the tests of sound principles of economics and finance rather than those merely of immediate, individual advantage. It, accordingly, has been the writer's endeavor to do what little his capacities permit to stimulate a proper spirit of inquiry regarding Federal Reserve matters. It has appeared to the writer that a careful examination of the development of the reserve system could be made most opportunely by one not connected with its management. As a minor spur to the writer's efforts there has been the belief that no study offers superior opportunities for investigating the working of the principles of money and credit under contemporary conditions of business and industry. While the book was written for the general reading public, rather than for classroom purposes, it may serve as a second book to follow the reading of one of the elementary texts in college courses in Money and Banking. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Harold Lyle Reed
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 376
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Book Description
Author: Paul M. Warburg
Publisher: Forgotten Books
ISBN: 9781440043505
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
Excerpt from The Federal Reserve System and the Banks The more important this market grows, the stronger will be the position of the Federal Reserve Banks, for the greater or lesser volume of purchases of such accept ances will Offer one of the Federal Reserve Banks' most efiective means of exercising a wholesome influence upon the fluctuation of interest rates. As normal conditions are reestablished in the world, this acceptance market will become an important factor in protecting our ex change position with foreign countries and, incidentally, our gold holdings. It has taken some time to develop this market, but I am confident that, from now on, its growth will be rapid. One of the obstacles that made the start difficult was found in the fact that many accept auces, which are made for the purpose of financing im portations and exportations, have to be drawn and sold in foreign countries. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Harold Lyle Reed
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 352
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Book Description
Author: Robert L. Hetzel
Publisher: Cambridge University Press
ISBN: 1139470647
Category : Political Science
Languages : en
Pages : 7
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Book Description
Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a paper money standard, the conduct of monetary policy becomes a series of experiments useful for understanding the fundamental issues concerning money and prices. How did the recurrent monetary instability of the 20th century relate to the economic instability and to the associated political and social turbulence? After the detour in policy represented by FOMC chairmen Arthur Burns and G. William Miller, Paul Volcker and Alan Greenspan established the monetary standard originally foreshadowed by William McChesney Martin, who became chairman in 1951. The Monetary Policy of the Federal Reserve explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank.
Author: Harold Lyle 1888 Reed
Publisher: Wentworth Press
ISBN: 9781361806258
Category : History
Languages : en
Pages : 376
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Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Harold L. (Harold Lyle) B. 1888 Reed
Publisher:
ISBN: 9781361807781
Category : History
Languages : en
Pages : 370
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Book Description
Author: Edwin Walter Kemmerer
Publisher: Forgotten Books
ISBN: 9780483109650
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Excerpt from The A B C of the Federal Reserve System During the first twelve months of our coun try's participation in the war the reserve system became established upon a basis of confidence and respect, even in fact Of admiration, among both bankers and business men; and its future therefore seems assured so long as good manage ment deserves the support now enjoyed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Henry Parker Willis
Publisher: Forgotten Books
ISBN: 9780267816248
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
Excerpt from The Federal Reserve System Under the Open market provisions of the law it had been provided that Federal reserve banks might buy from individuals, corporations, or banks whether or not members of the system, any paper that they might choose, provided that it complied with the requirements for discountable paper. The banks bought considerable quantities of Government bonds, municipal warrants and bankers' acceptances, and smaller amounts of trade acceptances. In this way their earning assets were increased until at the end Of the year 1916 they had about in vested. At the close Of 1916 a summary of the entire operation Of the system since its opening - about two years - showed that a net earning above organization expenses had been made of approximately per cent on the capital. During the period in question gross earnings had been approximately and net earnings approximately The bank which had paid the largest dividend was the Federal Reserve Bank Of Richmond, which had prac tically completed its whole 6 per cent dividend, ac tually declaring and paying it to November 1, 1916. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Edwin Walter Kemmerer
Publisher: Forgotten Books
ISBN: 9781528261890
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Excerpt from The ABC of the Federal Reserve System: Why the Federal Reserve System Was Called Into Being, the Main Features of Its Organization, and How It Works During the first twelve months of our coun try's participation in the war the reserve system became established upon a basis of confidence and respect, even in fact of admiration, among both bankers and business men; and its future therefore seems assured so long as good manage ment deserves the support now enjoyed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
