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A History of Central Banking in Great Britain and the United States

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  • Wood,John H.

Abstract

Central banks in Great Britain and the United States arose early in the financial revolution. The Bank of England was created in 1694 while the first Banks of the United States appeared in 1791–1811 and 1816–36, and were followed by the Independent Treasury, 1846–1914. These institutions, together with the Suffolk Bank and the New York Clearing House, exercised important central banking function before the creation of the Federal Reserve System in 1913. In this 2005 book, significant monetary changes in the lives of these British and American institutions are examined within a framework that deals with the knowledge and behavior of central bankers and their interactions with economists and politicians. Central bankers' behavior has shown considerable continuity in the influence of incentives and their interest in the stability of the financial markets.

Suggested Citation

  • Wood,John H., 2009. "A History of Central Banking in Great Britain and the United States," Cambridge Books, Cambridge University Press, number 9780521741316, January.
    • Handle: RePEc:cup:cbooks:9780521741316
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    Cited by:

    1. Taylor, Leon, 2014. "The theory of money supply: a case study," MPRA Paper 54208, University Library of Munich, Germany.
    2. Gianni Toniolo & Eugene N. White, 2015. "The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day," NBER Working Papers 20844, National Bureau of Economic Research, Inc.

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