Skip to main content

What Are the Purposes and Functions of the Federal Reserve System?

  • Chapter
  • First Online:
The American Monetary System
  • 1135 Accesses

Abstract

To understand the monetary policy process, we must take a more detailed look at the central bank itself, how it is structured, and why it is organized in the manner it is.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Meltzer AH (2003) A history of the federal reserve, volume I: 1913–1951. The University of Chicago Press, Chicago, p 65

    Google Scholar 

  2. Liaquat A (2009) Lords of finance: the bankers that broke the world. Penguin Books, New York, p 175

    Google Scholar 

  3. Alice M. Rivlin (2012) The case for preserving the federal reserve’s dual mandate. Testimony before the House Financial Service Committee, 8 May 2012

    Google Scholar 

  4. Mankiw NG (2006) Macroeconomics, 6th edn. Worth, New York, p 391

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2013 Springer International Publishing Switzerland

About this chapter

Cite this chapter

Wallace, W.H. (2013). What Are the Purposes and Functions of the Federal Reserve System?. In: The American Monetary System. Springer, Cham. https://doi.org/10.1007/978-3-319-02907-8_11

Download citation

Publish with us

Policies and ethics