2016 | OriginalPaper | Buchkapitel
US Federal Reserve System and the Global Financial Crisis
verfasst von : Miao Han
Erschienen in: Central Bank Regulation and the Financial Crisis
Verlag: Palgrave Macmillan UK
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
As stated in Chapter 1, the market or government orientation of a central bank can be approached from its legal framework, which deals with its two-tier relationship; these were, however, challenged by the GFC. This chapter will demonstrate that the US Fed was a market-oriented central bank with consolidated prudential regulation, until the GFC changed its commitment to market principles.