Federal Reserve Behavior, 1923-1931

Marshall E. Mcmahon

Federal Reserve Behavior, 1923-1931
Format
Hardback
Publisher
Taylor & Francis Ltd
Country
United Kingdom
Published
14 August 2017
Pages
214
ISBN
9781138087248

Federal Reserve Behavior, 1923-1931

Marshall E. Mcmahon

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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