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Federal Reserve Policy in Transition

Charles R. Whittlesey

The Quarterly Journal of Economics, 1946, vol. 60, issue 3, 340-350

Abstract: I. Introduction, 340. — II. Theory of credit control via member bank reserves, 341. — III. Impairment of the essential conditions of effective credit control, 341. — IV. Effects of Federal Reserve policies on the portfolio policies of member banks, 344. — V. Present status of Federal Reserve credit control policies, 345. — VI. Proposals for reform, 346.

Date: 1946
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