The Federal Reserve's Role in the Global Economy
A Historical Perspective
Michael D Bordo editor Mark A Wynne editor
Format:Hardback
Publisher:Cambridge University Press
Published:1st Apr '16
Currently unavailable, and unfortunately no date known when it will be back
This hardback is available in another edition too:
- Paperback£34.99(9781316506554)
This book critically assesses the Federal Reserve's historical and current role in the global economy, providing insights into future challenges it may encounter.
Based on a significant conference commemorating the centennial of the US Federal Reserve System, The Federal Reserve's Role in the Global Economy offers a thorough examination of the Federal Reserve's influence within the international monetary framework over the past century. The text delves into the evolution of the Federal Reserve's responsibilities, beginning with its initial duties under the gold standard and transitioning to the complexities of the current fiat standard. It highlights the necessity of international considerations in the Fed's decision-making processes, particularly as global financial crises increasingly impact the US economy.
The contributors to The Federal Reserve's Role in the Global Economy include esteemed financial historians and policymakers who provide insightful analyses and perspectives on the evolving role of the Federal Reserve. They discuss how the institution has adapted to global challenges and the implications of its policies on both domestic and international fronts. The book underscores the importance of understanding the interconnectedness of economies in an increasingly globalized world.
As the Federal Reserve approaches its next century, this book not only reflects on its historical significance but also anticipates the challenges it may face in the twenty-first century. It serves as a crucial resource for anyone interested in the intricate dynamics of the US Federal Reserve System and its pivotal role in shaping the global economy.
'This impressive volume brings together many of the leading lights of monetary history to consider the Fed's shifting role in the global monetary system and its implications. It is required reading for anyone with an interest in macroeconomics, international economics, or the financial aspects of international relations.' Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University
'As cross-border financial flows have greatly grown, countries around the world have become increasingly aware of the influence of US monetary policy on their economies. The Federal Reserve Bank of Dallas has performed a signal service by convening a symposium of knowledgeable specialists to present the evolution and implications of the foreign impacts of the Fed's actions, and their influence on Fed decision-making. An outstanding and timely volume.' Richard N. Cooper, Harvard University, Massachusetts
'This collection contains a splendid mix of academic and policymaker perspectives on the international role of the Federal Reserve. It will be a valuable resource for anyone interested in the global dimensions of the Fed and US monetary policy over the past century.' Douglas Irwin, Dartmouth College, New Hampshire
'The many papers in this volume celebrate the 100th anniversary of the Federal Reserve System by recounting vignettes from its history. An advantage of the volume is that it brings many perspectives through the papers and discussants. It should become the starting point for deeper research into several of the issues. I recommend it to students and the many professionals who follow the Fed and try to understand it.' Allan Meltzer, Carnegie Mellon Tepper School of Business
ISBN: 9781107141445
Dimensions: 235mm x 158mm x 27mm
Weight: 680g
346 pages