English, Article, Journal or magazine article edition: The role of a regional bank in a system of central banks Marvin Goofriend

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Bookmark: http://trove.nla.gov.au/version/74712
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The role of a regional bank in a system of central banks
Author
  • Marvin Goofriend
Physical Description
  • preprint
Notes
  • The paper assesses the role of a Reserve Bank in the Federal Reserve System. It compares the Eurosystem with the Fed System, and offers suggestions for the Eurosystem based on the Fed's experience. A regional presence facilitates surveillance of the economy and helps a central bank to communicate with the public. Competition among regional banks stimulates innovative thinking on operational, research, and policy questions. The Chairman (President) of the system should be strong enough to encourage diverse views in the monetary policy committee and to build a consensus for decisive and timely policy actions as needed.
  • Banks and banking ; Federal Reserve System
  • RePEc:fip:fedrwp:99-04
Language
  • English
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