Competition and Monopoly in the Federal Reserve System, 1914 1951: A Microeconomic Approach to Monetary History

by Mark Toma

Book Overview

Competition among central banks in a monetary union is thought to result in an over issue problem, which has its roots in the view that moneys produced by competitive central banks are perfect substitutes for each other. In the conventional set-up over issue can be overcome by granting a central bank exclusive rights to conduct monetary policy. In this book Mark Toma explores the workings of the early Federal Reserve System as a basis for challenging...

• Format: Paperback
• Language: English
• ISBN: 0521022037
• ISBN13: 9780521022033
• Release Date: November 2005
• Publisher: Cambridge University Press
• Length: 148 Pages
• Weight: 0.50 lbs.
• Dimensions: 0.3" x 6.0" x 9.0"