Economia
- Política Monetária - "market Monetarism"
What's monetary policy and why does it matter? Monetary policy is how a central bank such the US Federal Reserve controls the amount of money in circulation. While managing the nation's money supply might seem like a dry, esoteric subject, economists...
- Estabilidade Financeira E Política Monetária
Financial Stability and Monetary Policy: How Closely Interlinked? by Frank Smets European Central Bank Abstract The recent financial crisis has again raised the question to what extent price-stability-oriented monetary policy frameworks should take...
- Concorrência Monetária
Competition in Currency: The Potential for Private Money by Thomas L. Hogan Privately issued money can benefit consumers in many ways, particularly in the areas of value stability and product variety. Decentralized currency production can benefit consumers...
- Os Estados Unidos Perto Da Bancarotta
Is the United States Bankrupt? Laurence J. Kotlikoff ".. Many would scoff at this notion. They’d point out that the country has never defaulted on its debt; that its debt-to-GDP (gross domestic product) ratio is substantially lower than that...
- Mr. Bernanke Explica Coordenação De Políticas De Bancos Centrais
Com o colapso dos mercados monetários internacionais, ação coordenada de BC's se fez necessária e o mecanismo utilizado é o de swaps cambiais (currency swaps). Mr. Benanke explica, em recente palestra no Banco Central Europeu: "The emergence...
Economia
Precisamos um banco central?
Should We End the Fed?
Vídeo palestra do Larry White
What would it mean to "end the Fed"? Professor Larry White says that in order to know the effects of such a measure, we must first understand the role of "the Fed".
The Federal Reserve is the central bank of the United States and the institution at the center of the nation's monetary and banking systems. It has five main functions, including controlling monetary policy. Could the United States even survive without the Federal Reserve?
In order to answer this question, Professor White examines countries throughout history that did not have an established central bank, including Scotland, Sweden, Switzerland, and Canada. Hong Kong, he points out, still does not have one. So who performs the functions of a central bank in these countries?
Professor White cites private institutions, including clearing house systems, banks, and financial companies, as the main actors in the monetary systems of countries without a central bank. Ultimately, Professor White concludes that the Federal Reserve is not necessary. Evidence shows that nations can survive without a central bank. What the Federal Reserve does well can be done even better by private institutions, and the institution is capable of serious errors.
Mais
The Federal Reserve is the central bank of the United States and the institution at the center of the nation's monetary and banking systems. It has five main functions, including controlling monetary policy. Could the United States even survive without the Federal Reserve?
In order to answer this question, Professor White examines countries throughout history that did not have an established central bank, including Scotland, Sweden, Switzerland, and Canada. Hong Kong, he points out, still does not have one. So who performs the functions of a central bank in these countries?
Professor White cites private institutions, including clearing house systems, banks, and financial companies, as the main actors in the monetary systems of countries without a central bank. Ultimately, Professor White concludes that the Federal Reserve is not necessary. Evidence shows that nations can survive without a central bank. What the Federal Reserve does well can be done even better by private institutions, and the institution is capable of serious errors.
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- Política Monetária - "market Monetarism"
What's monetary policy and why does it matter? Monetary policy is how a central bank such the US Federal Reserve controls the amount of money in circulation. While managing the nation's money supply might seem like a dry, esoteric subject, economists...
- Estabilidade Financeira E Política Monetária
Financial Stability and Monetary Policy: How Closely Interlinked? by Frank Smets European Central Bank Abstract The recent financial crisis has again raised the question to what extent price-stability-oriented monetary policy frameworks should take...
- Concorrência Monetária
Competition in Currency: The Potential for Private Money by Thomas L. Hogan Privately issued money can benefit consumers in many ways, particularly in the areas of value stability and product variety. Decentralized currency production can benefit consumers...
- Os Estados Unidos Perto Da Bancarotta
Is the United States Bankrupt? Laurence J. Kotlikoff ".. Many would scoff at this notion. They’d point out that the country has never defaulted on its debt; that its debt-to-GDP (gross domestic product) ratio is substantially lower than that...
- Mr. Bernanke Explica Coordenação De Políticas De Bancos Centrais
Com o colapso dos mercados monetários internacionais, ação coordenada de BC's se fez necessária e o mecanismo utilizado é o de swaps cambiais (currency swaps). Mr. Benanke explica, em recente palestra no Banco Central Europeu: "The emergence...