Federal Reserve Behavior, 1923-1931

1st Edition

Marshall E. McMahon

Routledge
February 15, 2019 Forthcoming
Reference - 214 Pages
ISBN 9781138089242 - CAT# Y334323
Series: Routledge Library Editions: History of Money, Banking and Finance

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Summary

The Federal Reserve System has been widely criticised for its response (or lack of response) to the economic and financial problems of 1928-1933. This period was one of frantic speculation followed by the collapse of the stock market, the banking system and the economy at large. How did the Fed let this happen, and was it to blame? This book, first published in 1993, carries out an in-depth statistical analysis of the relevant data supporting the various theories surrounding the Fed’s behaviour at the time, and is a key work in understanding the thinking of the period.

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