Some essentials of monetary stability

George L. Harrison

Quarterly Review, 1989, issue Special, 15-20

Abstract: Harrison was the Bank's chief executive during a period of national economic hardship and financial instability: the early years of his term coincided with the stock market collapse of 1929, the Great Depression, and the bank failures that culminated in the banking crisis of 1933. In this speech, Harrison advocates reforms to strengthen the U.S. banking system and calls for the removal of remaining barriers to international trade. He argues that domestic financial stability in the major trading nations, along with a reestablished system of fixed exchange rates and orderly international payments, is crucial to stabilizing the world economy.

Keywords: International economic relations; Monetary policy; Federal Reserve System - History (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.newyorkfed.org/medialibrary/media/rese ... /75th/75article4.pdf Full Text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednqr:y:1989:i:special:p:15-20

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Quarterly Review from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Gabriella Bucciarelli ().