The Federal Reserve System: An Intentional Mystery (Hardcover)

~ Thibaut de Saint Phalle (Author) "The Federal Reserve System was established by the Federal Reserve Act in 1913..." (more)
Key Phrases: insured nonmember banks, state nonmember banks, bank regulatory system, Federal Reserve, United States, New York (more...)

Editorial Reviews

Review

“[H]afer has succeeded in creating a concise, coherent, eminently readable introduction to the Federal Reserve System....College libraries should add the Encyclopedia to their collections. High-school and public libraries would also benefit their readers by putting a copy of the book on their shelves.”–EH.NET --This text refers to the Paperback edition.

Product Description

Deviating from the typical commentary on how the Federal Reserve functions, this new study analyzes the entire philosophy behind regulation, discusses its appropriateness in today's economic world, and argues that the system is in need of an overhaul. The Federal Reserve System takes a hard look at the bank regulatory system in the U.S. which differs dramatically from all other developed countries in its diversity: Federal Reserve, Comptroller of the Currency, Federal Deposit Insurance Corporation, and fifty state bank superintendents. Saint Phalle shows how and why this diverse system has developed, discusses the role of the Federal Reserve in the banking system, evaluates the Federal Reserve's mission both domestically and abroad, and examines the Reserve's role in controlling inflation and credit. The author also addresses the recent changes in the nature of banking, money, and credit, and suggests how bank regulations should adapt to these changes, particularly when insurance companies, investment bankers, and industrial firms now propose to offer financial services, formerly rendered by commercial banks.

Product Details

• Hardcover: 352 pages
• Publisher: Praeger Publishers (March 15, 1985)
• Language: English
• ISBN-10: 0275900835
• ISBN-13: 978-0275900830
• Product Dimensions: 9.8 x 6.5 x 1.2 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: No customer reviews yet. Be the first.
• Amazon.com Sales Rank: #3,864,781 in Books (See Bestsellers in Books)