A History of Central Banking in Great Britain and the United States

By:

John H Wood

Format:

Hardback

Series:

Studies in Macroeconomic History

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Description

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. 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.

Author Biography:

John H. Wood is R. J. Reynolds Professor of Economics at Wake Forest University, Winston-Salem, North Carolina. He has also taught at the Universities of Birmingham, Pennsylvania, and Singapore and at Northwestern University. A Life Fellow of Clare Hall, Cambridge, and a Visiting Fellow of the American Institute for Economic Research, Professor Wood has also been a full-time or visiting economist at the Federal Reserve Board and the Federal Reserve Banks of Chicago, Dallas, and Philadelphia. His earlier studies of central banking include in 1967 the first application of the theory of economic policy to Federal Reserve behavior.

Release date Australia

June 6th, 2005

Author

John H Wood

Audiences

Postgraduate, Research & Scholarly
Undergraduate

Illustrations

7 Tables, unspecified

Pages

456

Series

Studies in Macroeconomic History

Dimensions

162x235x34

ISBN-13

9780521850131

Product ID

2701320

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