Code: 20828544
Floored!
by George Selgin
In October 2008, as the U.S. economy plunged, the Federal Reserve began paying interest on banks' reserve balances. The resulting switch to a "floor system" of monetary control, in which changes in the interest rate on reserves, r ... more
- Language:
English - Binding: Paperback
- Number of pages: 230
Publisher: Cato Institute, 2018
- More about this
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Book synopsis
In October 2008, as the U.S. economy plunged, the Federal Reserve began paying interest on banks' reserve balances. The resulting switch to a "floor system" of monetary control, in which changes in the interest rate on reserves, rather than reserve crea
Book details
14.50 €
- Full title: Floored!
- Subtitle: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession
- Author: George Selgin
- Language: English
- Binding: Paperback
- Number of pages: 230
- EAN: 9781948647083
- ISBN: 9781948647083
- ID: 20828544
- Publisher: Cato Institute
- Weight: 384 g
- Dimensions: 139 × 215 × 18 mm
- Date of publishing: 22. October 2018
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