The Evolution of U.S. Finance

Front Cover
M.E. Sharpe, 1994 - Business & Economics - 720 pages
Volume I examines the initial struggles and issues that shaped both the structure of the Federal Reserve System and the system's own view of its role in achieving economic goals. It provides a unique analysis of the political, institutional, and intellectual forces that influenced the fledgling system's actions. The extensive use of primary sources, including the stenographic records and minutes of conferences and meetings of the Reserve Bank Governors, and the Open Market Policy committee, makes this book a valuable reference for future research.
Volume II offers a unique overview of U.S. financial institutions and markets. It analyzes the policy debates on financial restructuring from an historical as well as contemporary perspective and examines the role of the financial system in promoting economic growth, the goals of regulation, and the tools that have been used to achieve those goals. Overall, the book provides an assessment of the relationships between financial structure and regulation and the economic outcomes that underscore the importance of financial restructuring in shaping successful U.S. economic policies for the 1990s.

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Introduction by Robert Weintraub
The Attempt to Finance the War Through

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