The International Origins of the Federal Reserve System

by J. Lawrence Broz

Book Overview

The Federal Reserve Act of 1913 created the infrastructure for the modern American payments system. Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage. Until its passage, the United States had suffered under one of the most inefficient payment systems in the world. Serious banking panics erupted frequently, and nominal interest rates fluctuated wildly...

• Format: Paperback
• Language: English
• ISBN: 0801475953
• ISBN13: 9780801475955
• Release Date: September 2009
• Publisher: Cornell University Press
• Length: 286 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.8" x 5.9" x 8.9"