Structure Of Central Banks And The Federal Reserve System335

Preview 335

Origins of the Federal Reserve System 335

Box 1 Inside the Fed: The Political Genius of the Founders of the

Federal Reserve System 336

Formal Structure of the Federal Reserve System 336

Federal Reserve Banks 337

Box 2 Inside the Fed: The Special Role of the Federal Reserve Bank of

New York 339

Member Banks 340

Board of Governors of the Federal Reserve System 340

Federal Open Market Committee (FOMC) 341

Box 3 Inside the Fed: The Role of the Research Staff 342

The FOMC Meeting 343

Box 4 Inside the Fed: Green, Blue, and Beige: What Do These Colors Mean at the Fed? 344

Informal Structure of the Federal Reserve System 344

Box 5 Inside the Fed: The Role of Member Banks in the Federal

Reserve System 346

How Independent Is the Fed? 346

Structure and Independence of Foreign Central Banks 349

Bank of Canada 349

Bank of England 349

Bank of Japan 350

European Central Bank 350

The Trend Toward Greater Independence 351

Explaining Central Bank Behavior 351

Box 6 Inside the Fed: Federal Reserve Transparency 352

Should the Fed Be Independent? 352

The Case for Independence 352

The Case Against Independence 354

Central Bank Independence and Macroeconomic Performance Throughout the World . . .354

Summary, Key Terms, Questions and Problems, and Web Exercises 355

Was this article helpful?

0 0
Insiders Online Stocks Trading Tips

Insiders Online Stocks Trading Tips

We Are Not To Be Held Responsible If Your Online Trading Profits Start To Skyrocket. Always Been Interested In Online Trading? But Super-Confused And Not Sure Where To Even Start? Fret Not! Learning It Is A Cakewalk, Only If You Have The Right Guidance.

Get My Free Ebook


Post a comment