(Translated by https://www.hiragana.jp/)
Expansion of Federal Reserve Authority in the Recent Financial Crisis Raises Questions about Governance
IDEAS home Printed from https://ideas.repec.org/p/lev/levyop/op_36.html
   My bibliography  Save this paper

Expansion of Federal Reserve Authority in the Recent Financial Crisis Raises Questions about Governance

Author

Listed:
  • Bernard Shull

Abstract

Several years before the onset of the recent financial crisis, ex -- Federal Reserve Board Member Lawrence Meyer wrote that the Fed "is often called the most powerful institution in America," its key decisions made by 19 people whose names are known by few, meeting regularly behind closed doors. Bernard Shull examines the origin and nature of Fed authority and independence, and reviews the impact of Dodd-Frank on our central bank. His conclusion? The new constraints placed on the Fed are modest at best, and its continued expansion inexorably raises questions of governance.

Suggested Citation

  • Bernard Shull, 2013. "Expansion of Federal Reserve Authority in the Recent Financial Crisis Raises Questions about Governance," Economics One-Pager Archive op_36, Levy Economics Institute.
    • Handle: RePEc:lev:levyop:op_36
    as

    Download full text from publisher

    File URL: http://www.levyinstitute.org/pubs/op_36.pdf
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lev:levyop:op_36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Elizabeth Dunn (email available below). General contact details of provider: http://www.levyinstitute.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.