SOUVISLOSTI VZNIKU FEDERÁLNÍHO RESERVNÍHO SYSTÉMU

• Authors: Otáhal Tomáš

Title variants

EN

Economic circumstances of the Central Banking beginning in the USA

• Languages of publication: CS

Abstracts

EN

This paper explores three possible motives for the establishment of the American Federal Reserve System. At the beginning, there is a short description of the National Banking Era. The author argues that while (i) the professional community quite truthfully recognized the problems with National Banking, motives of (ii) political leaders and (iii) interest groups for the establishment of the FED were stronger. The historical situation characterized by the deepening capital concentration and globalization brought politicians to enforce interventionist public policy followed by imperialism. These reasons significantly contributed to a tighter centralized political control of money supply by Federal Reserve System.

Keywords

EN

FEDERAL RESERVE SYSTEM; INSTITUTIONS; INTEREST GROUPS; MONETARY POLICY; POLITICIANS; USA

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2009
• Volume: 57
• Issue: 8
• Pages: 788-803
• Document type: ARTICLE

Contributors

author

Otáhal Tomáš

• NEWTON College, a.s., tř. Generála Píky 7, 613 00 Brno, Czech Republic

• Tomas Otahal, NEWTON College, a.s., tr. Generala Piky 7, 613 00 Brno, Czech Republic

Identifiers

CEJSH db identifier

10SKAAAA08897