The history, goals, implementation, functions, powers, tools for monetarty control, cycles and policies from 1979 to 1994.
Written in 1994; 3,150 words; 18 sources; $ 111.95
From the Paper:
"Introduction
This research examines Federal Reserve interest rate policies and outcomes for the 1979-1994 period. These policies and outcomes are considered following a review of the creation, purpose, structure, and functioning of the Federal Reserve System.
The Federal Reserve System
A severe financial crisis occurred in the United States in 1907. Unfortunately, the crisis was just the latest in a long line of such crises. The crisis of 1907, more than was true of most of these crises, however, exposed severe weaknesses in the country's national banking system (Kidwell and Peterson, 1992, p. 112). The creation of the Federal Reserve System through the Federal Reserve Act of 1913 was intended to correct those..."
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