The American Monetary System: An Insider's Guide to Financial Institutions, Markets, and Monetary Policy (MIT Press)
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An insider's view of the American monetary system, from financial institutions to markets and monetary policy.
Explains how the Federal Reserve System works and how it affects the economy.
Discusses the role of commercial banks, investment banks, and other financial institutions in the monetary system.
Examines the different types of financial markets and how they interact with the monetary system.
Analyzes the impact of monetary policy on inflation, unemployment, and economic growth.
Provides a comprehensive overview of the American monetary system for students, policymakers, and anyone interested in understanding how the economy works.
Written by a former senior official at the Federal Reserve Bank of New York.
Includes case studies and examples to illustrate the concepts discussed.
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