Fed power : how finance wins / Lawrence R. Jacobs, Desmond King.

Format:

Book

Author/Creator:

Jacobs, Lawrence R., author.

King, Desmond, author.

Series:

Oxford scholarship online.

Oxford scholarship online

Language:

English

Subjects (All):

Democracy.

Government accountability.

Monetary policy.

Physical Description:

1 online resource (304 pages) : illustrations (black and white).

Edition:

Second edition.

Place of Publication:

New York, New York State : Oxford University Press, [2021]

Summary:

The Federal Reserve is the most powerful central bank in the world. Without its central bank, the American economy would be subject to devastating fluctuations and instability. In maintaining this stability, The Fed dictates interest rates and designs bailouts without the usual checks and balances that pervade US policy making. Most commentators treat the Fed as an impartial referee exercising its independence to advance the best interests of America. However, Lawrence Jacobs and Desmond King's Fed Power is the first sustained examination of the Fed as a potent institution in its own right and an engine for producing concealed advantages for a privileged few.

Contents:

Why fed power matters

The rise of the fed state

Concealed advantage

The fed's legitimacy problem

Preparing for the next financial crisis.

Notes:

This edition also issued in print: 2021.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

0-19-757316-9

0-19-757314-2