A History of Central Banking in Great Britain and the United States
by
John H. Wood
Book Details
Format
Hardback or Cased Book
Book Series
Studies in Macroeconomic History
ISBN-10
0521850134
ISBN-13
9780521850131
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 6th, 2005
Print length
456 Pages
Weight
850 grams
Dimensions
16.10 x 42.70 x 3.60 cms
Product Classification:
Banking
Ksh 24,650.00
Manufactured on Demand
0 in stock
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This 2005 book shows that important continuities in central bankers' behavior - response to incentives, desire for financial stability, and susceptibility to government pressures - go a long way toward understanding them, from their beginnings in the Bank of England in 1694 and the first Bank of the United States in 1791, to the present Bank and Federal Reserve.
Central banks in Great Britain and the United States arose early in the financial revolution. The Bank of England was created in 1694 while the first Banks of the United States appeared in 1791–1811 and 1816–36, and were followed by the Independent Treasury, 1846–1914. These institutions, together with the Suffolk Bank and the New York Clearing House, exercised important central banking function before the creation of the Federal Reserve System in 1913. In this 2005 book, significant monetary changes in the lives of these British and American institutions are examined within a framework that deals with the knowledge and behavior of central bankers and their interactions with economists and politicians. Central bankers' behavior has shown considerable continuity in the influence of incentives and their interest in the stability of the financial markets.
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