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What Are the Purposes and Functions of the Federal Reserve System?

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Abstract

To understand the monetary policy process, we must take a more detailed look at the central bank itself, how it is structured, and why it is organized in the manner it is.

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References

  1. Meltzer AH (2003) A history of the federal reserve, volume I: 1913–1951. The University of Chicago Press, Chicago, p 65

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  2. Liaquat A (2009) Lords of finance: the bankers that broke the world. Penguin Books, New York, p 175

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  3. Alice M. Rivlin (2012) The case for preserving the federal reserve’s dual mandate. Testimony before the House Financial Service Committee, 8 May 2012

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  4. Mankiw NG (2006) Macroeconomics, 6th edn. Worth, New York, p 391

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Wallace, W.H. (2013). What Are the Purposes and Functions of the Federal Reserve System?. In: The American Monetary System. Springer, Cham. https://doi.org/10.1007/978-3-319-02907-8_11

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