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The Federal Reserve System Discussed: A Comparative Analysis

Editor

Listed:
  • Morten Balling
    ()

Author

Listed:
  • M.M.G. Fase
  • W.F.V. Vanthoor

Abstract

In the first half of 2000 the authors of this paper visited the twelve District Reserve Banks in the United States which was followed by a discussion at the Board in Washington. The aim of this visit was to get a deeper insight into the working of the American Federal Reserve System in order to see whether there is a sufficient basis for a comparison with the European System of Central Banks. The direct contacts with many senior and research staff members enabled them to deepen their factual empirical knowledge about the US banking system. The staff set aside a lot of time to discuss the relevant questions and made various members of the Economic Research Departments available for further conversation. Par-ticularly enlightening were the stimulating views of some Reserve Bank presidents on the task and rules of monetary policy.

Suggested Citation

  • M.M.G. Fase & W.F.V. Vanthoor, 2000. "The Federal Reserve System Discussed: A Comparative Analysis," SUERF Studies, SUERF - The European Money and Finance Forum, number 10 edited by Morten Balling.
  • Handle: RePEc:erf:erfstu:10
    as

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    References listed on IDEAS

    as
    1. Faust, Jon & Svensson, Lars E O, 2002. "The Equilibrium Degree of Transparency and Control in Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(2), pages 520-539, May.
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    8. Faust, Jon & Svensson, Lars E O, 2001. "Transparency and Credibility: Monetary Policy with Unobservable Goals," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(2), pages 369-397, May.
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    Cited by:

    1. Jung, Alexander & Latsos, Sophia, 2015. "Do federal reserve bank presidents have a regional bias?," European Journal of Political Economy, Elsevier, vol. 40(PA), pages 173-183.
    2. Paula Bongini, 2003. "The EU Experience in Financial Services Liberalization: A Model for GATS Negotiations?," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    3. Thomas Dalsgaard & Jørgen Elmeskov & Cyn-Young Park, 2002. "Ongoing changes in the business cycle - evidence and causes," SUERF Studies, SUERF - The European Money and Finance Forum, number 20 edited by Morten Balling, March.
    4. Philippe Moutot & Alexander Jung, 2002. "La politique monétaire européenne : un bilan après trois ans," Revue d'Économie Financière, Programme National Persée, vol. 65(1), pages 11-37.
    5. Christian Harm, 2002. "Bank management between shareholders and regulators," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    6. Helmut Wagner, 2002. "Implications of Globalization for Monetary Policy," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    7. Luiz Fernando de Paula, 2002. "Banking Internationalisation and the Expansion Strategies of European Banks to Brazil during the 1990s," SUERF Studies, SUERF - The European Money and Finance Forum, number 18 edited by Morten Balling, March.
    8. Bert Scholtens & Dick van Wensveen, 2003. "The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain," SUERF Studies, SUERF - The European Money and Finance Forum, number 2003/1 edited by Morten Balling, March.
    9. Jean-Paul Abraham & Peter Van Dijcke, 2002. "European Financial Cross-Border Consolidation: At the crossroads in Europe? By exception, evolution or revolution?," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    10. Juan Sergio Lopez & Alessandra Appennini & Stefania P. S. Rossi, 2002. "Are Italian mutual banks efficient? Evidence from two different cost frontier techniques," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    11. Roberto Di Salvo & Maria Carmela Mazzilis & Andrea Guidi, 2002. "Mergers and Acquisitions Between Mutual Banks in Italy :An analysis of the effects on performance and productive efficiency," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.

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