Edwin Dickens

The Political Economy of U.S. Monetary Policy

How the Federal Reserve Gained Control and Uses It

• Gebundenes Buch

Produktbeschreibung

In book explains how flexible exchange rates became necessary to accommodate the Federal Reserve's relentless efforts to prevent progressive social change. It is argued that the Federal Reserve is an institutionalized alliance of the large New York banks and the large regional banks. When these two groups of banks are united, they constitute an unassailable force in the class conflict. However, when the large regional banks are at loggerheads with the large New York banks over the proper role of bank clearinghouses during the populist period, along with the proper role of the Eurodollar market during the social democratic period, there is an opening for progressive social reforms.

---

Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.

Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 196
• Erscheinungstermin: 15. März 2016
• Englisch
• Abmessung: 234mm x 157mm x 18mm
• Gewicht: 431g
• ISBN-13: 9781138909311
• ISBN-10: 1138909319
• Artikelnr.: 43679059

Autorenporträt

Edwin Dickens is Professor and Chair at the Department of Economics and Finance at Saint Peter's University, New Jersey, U.S.

Inhaltsangabe

Introduction 1. The Theoretical Framework 2. The Origin of the Federal
Reserve System: The Institutionalization of the Alliance Between the Large
New York Banks and the Large Regional Banks 3. Democratic Control Versus
Banker Control of the Federal Reserve System 4. The Federal Reserve's
Implacable Opposition to Social Democracy 5. The End of the Golden Age of
Relatively Stable Capitalist Development 6. The Eurodollar Market and
Flexible Exchange Rates: The Linchpins of the Current Neoliberal Era of
Global Financial Capitalism 7. Summary and Conclusions