The Government of Money

by Peter A. Johnson

In recent years governments have increasingly given their central banks the freedom to pursue policies of price stability. In particular, the German Bundesbank and the U.S. Federal Reserve have been widely considered models of autonomous policymaking. This book traces the origins of their success to the political struggle to adopt monetarism in Germany and the United States. The Government of Money contends that the political involvement of monetarist...

• Format: Hardcover
• Language: English
• ISBN: 0801428351
• ISBN13: 9780801428357
• Release Date: December 1998
• Publisher: Cornell University Press
• Length: 258 Pages
• Weight: 1.23 lbs.
• Dimensions: 1.2" x 6.4" x 9.6"

Customer Reviews

A wonderful and timely read

In a time where the words of Alan Greenspan affect the lives (and wallets) of millions of Americans, this book brings the politics of the Fed to life for the everyday reader, and presents a comparison with the German central bank (the Bundesbank), where it seems that decisions are made in a much more collegial matter than the U.S. Federal Reserve, where one man can dictate the sway of markets. The book is accessible to academics and non-academics alike, and is about as sexy as a book about the politics of banks can get. Overall, it's a must-read for anyone interested in the politics of money, from scholars to daytraders.