The Myth of Independence : How Congress Governs the Federal Reserve

Sarah Binder

ISBN 10: 069119159X ISBN 13: 9780691191591

Verlag: Princeton University Press Jul 2019, 2019

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Beschreibung

Neuware - 'This book examines the interrelationship between Congress and the Federal Reserve over time, analyzing the congressional politics of the Federal Reserve's founding in 1913 and its subsequent institutional development through the aftermath of the 2008 financial crisis. Binder and Spindel incorporate a wealth of systematic data into their historical narrative.'--Frances E. Lee, University of Maryland. Bestandsnummer des Verk�ufers 9780691191591

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Inhaltsangabe:

An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve

Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.

�ber die Autorin bzw. den Autor: Sarah Binder is professor of political science at George Washington University and senior fellow at the Brookings Institution. Her books include Advice and Dissent and Stalemate. Mark Spindel has spent his entire career in investment management at such organizations as Salomon Brothers, the World Bank, and Potomac River Capital, a Washington DC–based hedge fund he started in 2007.

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Bibliografische Details

Titel: The Myth of Independence : How Congress ...
Verlag: Princeton University Press Jul 2019
Erscheinungsdatum: 2019
Einband: Taschenbuch
Zustand: Neu