The first U.S. quantitative easing: the 1930s
AbstractDuring 1932, with congressional support, the Fed purchased approximately $1 billion in Treasury securities.
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Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal Economic Synopses.
Volume (Year): (2010)
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- Hans J. Blommestein & Philip Turner, 2012.
"Interactions Between Sovereign Debt Management and Monetary Policy Under Fiscal Dominance and Financial Instability,"
OECD Working Papers on Sovereign Borrowing and Public Debt Management
3, OECD Publishing.
- Hans J Blommestein & Philip Turner, 2012. "Interactions between sovereign debt management and monetary policy under fiscal dominance and financial instability," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 213-237 Bank for International Settlements.
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