The American Monetary System

An Insider's View of Financial Institutions, Markets and Monetary Policy

Business & Finance, Economics, Macroeconomics
Cover of the book The American Monetary System by William H. Wallace, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: William H. Wallace ISBN: 9783319029078
Publisher: Springer International Publishing Publication: January 4, 2014
Imprint: Springer Language: English
Author: William H. Wallace
ISBN: 9783319029078
Publisher: Springer International Publishing
Publication: January 4, 2014
Imprint: Springer
Language: English

Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people’s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people’s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them.

More books from Springer International Publishing

Cover of the book Ionospheric Space Weather by William H. Wallace
Cover of the book Advances in Microbiology, Infectious Diseases and Public Health by William H. Wallace
Cover of the book Late Modernity by William H. Wallace
Cover of the book Signals and Systems by William H. Wallace
Cover of the book The Evolution of Morality by William H. Wallace
Cover of the book Innovations Lead to Economic Crises by William H. Wallace
Cover of the book Automated Reasoning with Analytic Tableaux and Related Methods by William H. Wallace
Cover of the book Autonomy and Artificial Intelligence: A Threat or Savior? by William H. Wallace
Cover of the book Phosphodiesterases: CNS Functions and Diseases by William H. Wallace
Cover of the book From Transuranic to Superheavy Elements by William H. Wallace
Cover of the book Neurotechnology, Electronics, and Informatics by William H. Wallace
Cover of the book Morton Deutsch: A Pioneer in Developing Peace Psychology by William H. Wallace
Cover of the book Software Reuse: Bridging with Social-Awareness by William H. Wallace
Cover of the book Applied Clinical Pharmacokinetics and Pharmacodynamics of Psychopharmacological Agents by William H. Wallace
Cover of the book Asymmetric Cell Division in Development, Differentiation and Cancer by William H. Wallace
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy