Central banks' independence in historical perspective

Author: Fausto Vicarelli   Richard Sylla   Alec Cairncross   Jean Bouvier   Carl-Ludwig Holtfrerich   Giangiacomo Nardozzi   Gianni Toniolo  

Publisher: De Gruyter‎

Publication year: 1988

E-ISBN: 9783110856309

P-ISBN(Paperback): 9783110114409

Subject:

Language: ENG

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Chapter

2 The Independent Treasury System, 1840–1914

pp.:  31 – 32

1 The Two Banks of the United States, 1791–1836

pp.:  31 – 31

3 The Federal Reserve System, 1914–Present

pp.:  32 – 35

4 The Independence of the Fed

pp.:  35 – 38

4.1 Subservience to the Treasury during World War I

pp.:  38 – 40

4.2 The Great Depression: Failure and Reform

pp.:  40 – 42

4.3 Subservience to the Treasury Again: World War II and After

pp.:  42 – 45

4.4 The Treasury-Fed Accord of 1951

pp.:  45 – 45

4.5 The Controversial 1965 Discount Rate Increase

pp.:  45 – 46

4.6 Partisan Monetary Politics? The 1972 Election

pp.:  46 – 47

4.7 Congressional Oversight, 1975

pp.:  47 – 48

4.8 1979: Changes in Fed Operating Procedures

pp.:  48 – 49

4.9 Pressure from the Supply Side, 1981–1985

pp.:  49 – 50

5 Conclusion

pp.:  50 – 51

References

pp.:  51 – 52

Chapter 3. The Bank of England: Relationships with the Government, the Civil Service, and Parliament

pp.:  52 – 53

1.2 After Nationalisation

pp.:  53 – 61

1.1 The Period before the Nationalisation in 1946

pp.:  53 – 53

1 Historical

pp.:  53 – 53

2 Analytical

pp.:  61 – 75

2.1 The Legal Position and the Working Relationship

pp.:  75 – 81

2.2 The Working Relationship

pp.:  81 – 83

3 Conclusion

pp.:  83 – 84

References

pp.:  84 – 86

Chapter 4. The Banque de France and the State from 1850 to the Present Day

pp.:  86 – 87

1 The Problems of Being a Historian

pp.:  87 – 87

2 The Manifold and Complex Factors that Determine Relations Between the State and the Banque de France

pp.:  87 – 89

3 New Developments from 1850 to 1936

pp.:  89 – 91

3.1 The Development of State Control in the 19th Century

pp.:  91 – 91

3.2 The Ups and Downs of the Period 1920 to 1936

pp.:  91 – 96

4 Change and Continuity from 1936 to the 1980s

pp.:  96 – 101

4.1 1936–1944

pp.:  101 – 101

4.2 1945–1986

pp.:  101 – 102

References

pp.:  102 – 116

Chapter 5. Relations between Monetary Authorities and Governmental Institutions: The Case of Germany from the 19th Century to the Present

pp.:  116 – 119

1 Introduction

pp.:  119 – 119

2 The Historical Evolution

pp.:  119 – 121

2.2 From the Beginning of the First World War to the End of Germany’s Great Inflation 1923

pp.:  121 – 127

2.1 From the Foundation of the Reich to the First World War

pp.:  121 – 121

2.3 From the End of Hyperinflation to the End of the Weimar Republic

pp.:  127 – 132

2.4 The Nazi Period (1933–1945)

pp.:  132 – 147

2.5 From 1945 to the Present

pp.:  147 – 153

3 Conclusion: The Prime Motives for the Legal Changes in Relations between Germany’s Central Bank and Government and a Summary of Arguments Pro and Con the Bank’s Autonomy

pp.:  153 – 164

References

pp.:  164 – 168

Chapter 6. A Central Bank Between the Government and the Credit System: The Bank of Italy after World War II

pp.:  168 – 175

1 Credit Legislation and the Bank of Italy

pp.:  175 – 176

Introduction

pp.:  175 – 175

2 The Bank of Italy’s Structural Superversion and the Evolution of the Financial System

pp.:  176 – 179

2.1 Alternative Views on the Financial Structure

pp.:  179 – 179

2.2 The Development of the Structure of the Credit System under Menichella

pp.:  179 – 181

2.3 The Rationale of the Bank of Italy’s Choices with Regard to the Structure of the Credit System in the Period 1948–59

pp.:  181 – 182

2.4 The Early Sixties and the Start of Carli’s Governorship

pp.:  182 – 185

2.5 Carli and the Structure of the Financial System

pp.:  185 – 186

2.6 The Structure of the Financial System and the Relationship with the Government

pp.:  186 – 188

2.7 Monetary Versus “Real” Policy Making

pp.:  188 – 190

2.8 The Change in Strategy During the Seventies

pp.:  190 – 193

3 The Major Monetary Policy Choices

pp.:  193 – 196

3.1 Monetary Policy Between 1947 and 1960

pp.:  196 – 196

3.2 From 1964 to 1973

pp.:  196 – 198

3.3 From 1973 to the Present

pp.:  198 – 200

4 From (Italian) History to (General) Theory

pp.:  200 – 202

References

pp.:  202 – 207

About the Authors

pp.:  207 – 211

LastPages

pp.:  211 – 217

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