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The International Origins of the Federal Reserve System

5.0 out of 5 stars 3 customer reviews
ISBN-13: 978-0801433320
ISBN-10: 0801433320
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Editorial Reviews

Review

"According to Broz, opportunities for the U.S. to become an international financial center constituted a major motive in the formation of the Federal Reserve System."―Choice



"If you have an interest in central bank theory, get this book. If you have an interest in macroeconomic history, get this book. If you have an interest in the origin and evolution of political institutions, get this book. Lawrence Broz presents an original and thought-provoking account of the origins of the Federal Reserve System that is a must read for students of central bank theory, history, and policy analysis. . . . Broz sheds new light on the 'origins' issue. . . . The International Origins of the Federal Reserve System is as close as possible to an academic 'can't-put-it-down' book. For those whose interest is sparked by the title, you will not be disappointed by this highly readable and original work."―Journal of Economic History



"This fine book does, as promised, explain the emergence of central banking in the United States. That's value enough, but beyond that, the book provides leverage for handling an important collective action problem in the rationalist account of the creation of institutions. . . . The functionalism in efficiency explanations of institutions has always been a weakness, for it cannot explain the micro-incentives needed for action. Broz's approach provides a key conceptual road map out of that bind. The argument is of very great interest for understanding current battles over financial institutions around the world. And it is of great interest to students of institutional creation and design more broadly."―Political Science Quarterly



"A valuable book that opens a new perspective on the origins of the nation's most powerful financial institution."―Journal of American History



"Essential reading in upper-division and graduate courses on money and banking and political economy. Broz has contributed an important and, until now, neglected element to the explanation of the origins of the Federal Reserve."―Perspectives on Political Science

--This text refers to the Paperback edition.
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Product Details

  • Hardcover: 280 pages
  • Publisher: Cornell University Press (October 1997)
  • Language: English
  • ISBN-10: 0801433320
  • ISBN-13: 978-0801433320
  • Product Dimensions: 9.3 x 6.3 x 0.9 inches
  • Shipping Weight: 1.3 pounds
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #3,639,192 in Books (See Top 100 in Books)

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Top Customer Reviews

Format: Hardcover
Broz's "The International Origins of the Federal Reserve System" is a excellent example of how single-case qualitative empirical research should be done. By providing a detailed formal theory framework, Broz is able to derive specific hypothesis about the development of the Federal Reserve in a manner that is both scientifically rigorous and historically detailed. While comparison with other cases would have been helpful (and neccessary if the model is to be generalized), this book is one of the best qualitative works in political science in general and political economy in particular in years.
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By A Customer on September 28, 1999
Format: Hardcover
You can't find a more accessible text for this topic. I have scoured the librarys of academia and find that this text is not only readable and enjoyable, but it is superior in its treatment of subject matter. A look at the index will tell any reader that Mr. Broz's volume is the compleat guide.
Don't miss your chance to read this welcoming introductory text.
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By A Customer on March 8, 2002
Format: Hardcover
Broz provides an easy to read text. His premises are clear, leading to true understanding. I've read much on this subject, but never such a complete work. It is as economical as can be expected; and I would argue more general than others have claimed. I highly suggest this book, and thank Dr. Broz for his contribution.
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