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Competition and Monopoly in the Federal Reserve System, 1914–1951
- A Microeconomic Approach to Monetary History
part of the Studies in Macroeconomic History series
- Binding:
- Hardback
- Pages:
- 148
- Published:
- May 7, 1997
- Dimensions:
- 152x229x10 mm.
- Weight:
- 375 g.
Delivery:
2-3 weeks
Expected delivery: January 15, 2025
Description of Competition and Monopoly in the Federal Reserve System, 1914–1951
In this book Mark Toma explores the workings of the early Federal Reserve System as a basis for challenging the conventional wisdom that competition among central banks in a monetary union results in an over issue problem. The book emphasizes the evolution of the Federal Reserve from a competitive to a monopolistic structure.
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