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The U.S. experience with a federal central bank system

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  • Anthony M. Santomero
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    Abstract

    How does a decentralized central bank work? The events of September 11 put the Federal Reserve System, the central bank of the United States, to the test and highlighted the benefits of its geographic diversification. In "The U.S. Experience with a Federal Central Bank System," President Anthony Santomero presents an overview of the Federal Reserve's design and explains how its structure helps the Fed carry out its various roles.

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    File URL: http://www.phil.frb.org/files/br/brq302as.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of Philadelphia in its journal Business Review.

    Volume (Year): (2002)
    Issue (Month): Q3 ()
    Pages: 1-5

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    Handle: RePEc:fip:fedpbr:y:2002:i:q3:p:1-5

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    Related research

    Keywords: Federal Reserve System;

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