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Real Bills, The Gold Standard, and Central Bank Policy

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  • West, Robert Craig

Abstract

Students of the origins and accomplishments of government regulation of economic activity have open suspected that the laws on which regulation is based were addressed to problems and conditions of the past that no longer prevailed, or — what is worse — assumptions about the “real world” that are highly unrealistic. This is Professor West's main conclusion about the Federal Reserve Act of 1913, especially as regards its discount rate and international exchange policies.

Suggested Citation

  • West, Robert Craig, 1976. "Real Bills, The Gold Standard, and Central Bank Policy," Business History Review, Cambridge University Press, vol. 50(4), pages 503-513, January.
    • Handle: RePEc:cup:buhirw:v:50:y:1976:i:04:p:503-513_02
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    Cited by:

    1. Michael D. Bordo, 1989. "The Contribution of "A Monetary History of the United States, 1867-1960" to Monetary History," NBER Chapters, in: Money, History, and International Finance: Essays in Honor of Anna J. Schwartz, pages 15-78, National Bureau of Economic Research, Inc.

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