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Thanks for telling us about the problem. Return to Book Page. Allan H. This two-part second volum Allan H. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury—Federal Reserve accord in to the mids, when the great inflation ended.

It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data.


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A History of the Federal Reserve, Volume 2, Book 2; Books 1970-1986

A History of the Federal Reserve. Volume 2 Allan H Meltzer author. New Quantity Available: 2. New Paperback Quantity Available: 3.

Allan Meltzer: "A History of the Federal Reserve, 1913-1986"

Published by The University of Chicago Press.