The Federal Reserve's Role in the Global Economy

A Historical Perspective

Michael D. Bordo, Mark A. Wynne

• Publisher: Cambridge University Press
• Year: 2016
• ISBN:
  9781316566664
• Topic: Economics
• Subtopic: Macroeconomics
• Index: Economics

The importance of international considerations in the US Federal Reserve System's deliberations has become more and more important over time as global financial crises and events create ever stronger repercussions in the US economy. This book critically evaluates the role of the Federal Reserve System as a player in the international monetary system over the past one hundred years, starting with its initial responsibility under the gold standard and looking ahead to the challenges it will face in the twenty-first century under the fiat standard. The book is based on a conference of the same name held at the Federal Reserve Bank of Dallas in September 2014, as part of the Federal Reserve System's centennial, and contributors include many of the most highly regarded financial historians and policymakers.

Table of contents

• Cover
• Half-title
• Series information
• Title page
• Copyright information
• Table of contents
• Contributor biographies
• Acknowledgments
• 1 Introduction
• 2 Doctrinal Determinants, Domestic and International, of Federal Reserve Policy 1914–1933
• 3 Navigating Constraints
• 4 Federal Reserve Policy and Bretton Woods
• 5 The Federal Reserve Engages the World (1970–2000)
• 6 The Federal Reserve in a Globalized World Economy
• 7 Unprecedented Actions
• 8 Panel Discussion on the Federal Reserve’s Role in International Financial Crises
• 9 The Robert V. Roosa Lecture
• Index