000 03766nam a2200541Ia 4500
001 222103
003 IT-RoAPU
005 20250106150853.0
006 m|||||o||d||||||||
007 cr || ||||||||
008 240426t20182009nyu fo d z eng d
020 _a9781501722370
_qPDF
024 7 _a10.7591/9781501722370
_2doi
035 _a(DE-B1597)9781501722370
035 _a(DE-B1597)514837
035 _a(OCoLC)1083578925
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG2563
_b.B68 1997eb
072 7 _aPOL023000
_2bisacsh
082 0 4 _a332.1/1/0973
_223
084 _aonline - DeGruyter
100 1 _aBroz, J. Lawrence
_eautore
245 1 4 _aThe International Origins of the Federal Reserve System /
_cJ. Lawrence Broz.
264 1 _aIthaca, NY :
_bCornell University Press,
_c[2018]
264 4 _c©2009
300 _a1 online resource (286 p.) :
_b20 tables, 6 charts/graphs
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tFigures and Tables --
_tPreface --
_tIntroduction --
_t1. The Federal Reserve Act: Content and Contending Explanations --
_t2. The Economics and Politics of International Currency Use --
_t3. The International Economy, Patterns of Currency Use, and Domestic Politics --
_t4. The Rise of the U.S. Economy and the Banking Reform Movement --
_t5. Collective Action for Banking Reform --
_t6. The Origins of Other Central Banks --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aThe 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. Structural and regulatory flaws contributed not only to financial instability at home but also to the virtual absence of the dollar in world trade and payments.Key institutional features of the Federal Reserve Act addressed both these shortcomings but it was the goal of internationalizing usage of the dollar that motivated social actors to pressure Congress for the improvements. With New York bankers in the forefront, an international coalition lobbied for a system that would reduce internal problems such as recurring panics, and simultaneously allow New York to challenge London's preeminence as the global banking center and encourage bankers to make the dollar a worldwide currency of record. To those who organized the political effort to pass the Act, Broz contends, the creation of the Federal Reserve System was first and foremost a response to international opportunities.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 26. Apr 2024)
650 0 _aFederal Reserve banks
_xHistory.
650 0 _aInternational finance
_xHistory.
650 0 _aMonetary policy
_zUnited States
_xHistory.
650 4 _aPolitical Science & Political History.
650 4 _aU.S. History.
650 7 _aPOLITICAL SCIENCE / Political Economy.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.7591/9781501722370
856 4 0 _uhttps://www.degruyter.com/isbn/9781501722370
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9781501722370/original
942 _cEB
999 _c222103
_d222103