Federal Reserve System (USA): the History of Development and Participation in the Government Debt Control

Authors

Abstract

This article summarizes the history of development and functioning of the Federal Reserve System of the USA. It also provides overview of stages and the level of FRS involvement in developing and managing of the Government debt of the country in the first half of the 20th century, especially in the period of the “Great Depression” crisis.

Keywords:

financial history

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Author Biography

Олег Николаевич Мисько, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

доктор экономических наук, профессор

References

Литература на русском языке


References in Latin Alphabet

Prochnowell N. The Federal Reserve system. New York, 1960. P.4.

Frudman A., Hermana E. Money and Banking Analyses and Police. New York, 1963. P.205.

Annual Report of the Federal Reserve Board. Washingron, 1920. P.1.


Translation of references in Russian into English

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Published

2007-06-29

How to Cite

Мисько, О. Н. (2007). Federal Reserve System (USA): the History of Development and Participation in the Government Debt Control. St Petersburg University Journal of Economic Studies, (2), 098–104. Retrieved from https://economicsjournal.spbu.ru/article/view/3795

Issue

No. 2 (2007)

Section

Global economy

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.