Describes in detail the Federal Reserve System and the central bank of the United States, along with a historical overview of United States monetary policy.
List of Entries Preface Acknowledgments Introduction The Encyclopedia Appendix A: The Federal Reserve Act Appendix B: Membership of the Board of Governors: 1913-2004 Appendix C: Federal Reserve Regulations
R. W. Hafer is Professor and Chair of the Department of Economics and Finance at Southern Illinois University, Edwardsville. He served as Research Officer with the Federal Reserve Bank of St. Louis for ten years. He has published widely on monetary policy and financial markets in publications including the Wall Street Journal.
This encyclopedia's contents range across Federal Reserve
operations and how monetary policy functions in the United States.
Hafer includes entries on topics that affect how monetary policy is
conducted, such as real business cycle theory. Similar entries are
tied to monetary policy, regulatory oversight duties, or how the
Federal Reserve System operates. The author presents complex
economic and monetary issues or concepts in terms understandable to
the general reader, and the introduction provides an historical
overview of the system's development….[c]ould easily serve as the
sole resource for school libraries (particularly elementary and
intermediate schools) and small public libraries. Highly
recommended. Academic libraries serving first- and second-year
students, and general readers; public and school libraries.
*Choice*
Hafer's enthusiastic interest in the Federal Reserve and central
banking in general is the key ingredient in making this volume
successful. He has also done an admirable job of making the
information accessible to non-specialists without sacrificing
detail that will appeal to specialists. The Federal Reserve System:
An Encyclopedia is a very useful reference volume and is
recommended for academic and public research libraries,
particularly those with concentrations in economics, business, and
political science.
*Journal of Business & Finance Librarianship*
Whether the Federal Reserve will raise interest rates to control
inflation has recently been of concern to consumers and
professionals. This encyclopedia puts the issue into perspective as
it explains how the Federal Reserve operates and how its monetary
policy functions….Reference librarians will find the topical list
of entries useful, as well as the extensive index. College students
and the general reader will find this a valuable source to explain
topics that will continue to be headline news.
*Reference & User Services Quarterly*
[A] solid accomplishment as it provides clear and accessible
expositions on a wide variety of topics related to the Federal
Reserve System….[H]afer has succeeded in creating a concise,
coherent, eminently readable introduction to the Federal Reserve
System….[i]t will undoubtedly prove helpful to students and
interested laypersons. Instructors, particularly those teaching
Money and Banking or Macroeconomics, will likely find the volume
useful in their courses and I also expect that instructors teaching
economic or financial history will find ways to utilize the book in
their classes. College libraries should add the Encyclopedia to
their collections. High-school and public libraries would also
benefit their readers by putting a copy the book on their
shelves.
*EH.NET*
Hafers guide will serve students and lay readers as a handy,
first-stop source.
*Lawrence Looks at Books*
Providing introductory material suitable for the college and adult
user, The Federal Reserve System is recommended for comprehensive
collections.
*Booklist/Reference Books Bulletin*
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