Current Federal Reserve Policy Under the Lens of Economic History Essays to Commemorate the Federal Reserve System's Centennial
Book contents
- Half title page
- Studies in Macroeconomic History
- Title page
- Copyright page
- Dedication
- Contents
- Contributors
- Discussants at the Conference
- Preface
- Introduction
- 1 The Uses and Misuses of Economic History
- 2 Federal Reserve Policy Today in Historical Perspective
- 3 How and Why the Fed Must Change in Its Second Century
- 4 The Lender of Last Resort
- 5 Close but Not a Central Bank
- 6 Central Bank Independence
- 7 Politics on the Road to the U.S. Monetary Union
- 8 U.S. Precedents for Europe
- 9 The Limits of Bimetallism
- 10 The Reserve Pyramid and Interbank Contagion during the Great Depression
- 11 Would Large-Scale Asset Purchases Have Helped in the 1930s?
- 12 A Tale of Two Countries and Two Booms, Canada and the United States in the 1920s and the 2000s
- 13 It Is History but It’s No Accident
- 14 Monetary Regimes and Policy on a Global Scale
- 15 Reflections on the History and Future of Central Banking
- Index
- Series page
- References
5 - Close but Not a Central Bank
The New York Clearing House and Issues of Clearing House Loan Certificates
Published online by Cambridge University Press: 05 March 2015
Edited by
Book contents
- Half title page
- Studies in Macroeconomic History
- Title page
- Copyright page
- Dedication
- Contents
- Contributors
- Discussants at the Conference
- Preface
- Introduction
- 1 The Uses and Misuses of Economic History
- 2 Federal Reserve Policy Today in Historical Perspective
- 3 How and Why the Fed Must Change in Its Second Century
- 4 The Lender of Last Resort
- 5 Close but Not a Central Bank
- 6 Central Bank Independence
- 7 Politics on the Road to the U.S. Monetary Union
- 8 U.S. Precedents for Europe
- 9 The Limits of Bimetallism
- 10 The Reserve Pyramid and Interbank Contagion during the Great Depression
- 11 Would Large-Scale Asset Purchases Have Helped in the 1930s?
- 12 A Tale of Two Countries and Two Booms, Canada and the United States in the 1920s and the 2000s
- 13 It Is History but It’s No Accident
- 14 Monetary Regimes and Policy on a Global Scale
- 15 Reflections on the History and Future of Central Banking
- Index
- Series page
- References
- Type
- Chapter
- Information
- Current Federal Reserve Policy Under the Lens of Economic HistoryEssays to Commemorate the Federal Reserve System's Centennial, pp. 102 - 125Publisher: Cambridge University PressPrint publication year: 2015
References
Cannon, James G. (1908). “Clearing Houses and the Currency (Loan Certificate Plan).” In Seligman, E. R. (ed), The Currency Problem and the Present Financial Situation, pp. 95–118.New York: Columbia University Press.Google Scholar
Cannon, James G. (1910). Clearing Houses. Publications of the National Monetary Commission, Vol. 32. Washington, DC: U.S. Government Printing Office.Google Scholar
Commercial and Financial Chronicle, various issues, Google Books online.Google Scholar
Gorton, Gary. (1985). “Clearing Houses and the Origins of Central Banking in the United States.” Journal of Economic History 45(2):277–284.CrossRefGoogle Scholar
Myers, Margaret. (1931). The New York Money Market: Origins and Development. New York: Columbia University Press.CrossRefGoogle Scholar
Minutes of the New York Clearing House Committee, 1873 and on.Google Scholar
Sprague, O. M. W. (1910). History of Crises under the National Banking Era, National Monetary Commission. Washington, DC: U.S. Government Printing Office.Google Scholar
Tallman, Ellis, and Moen, Jon. (2012). “Liquidity Creation without a Central Bank: Clearing House Loan Certificates in the Banking Panic of 1907.” Journal of Financial Stability 8:277–291.CrossRefGoogle Scholar
Timberlake, Richard H. (1993). Monetary Policy in the United States: An Intellectual and Institutional History. Chicago: University of Chicago Press.Google Scholar
Wicker, Elmus. (2000). Banking Panics of the Gilded Age. New York: Cambridge University Press.CrossRefGoogle Scholar
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