The American Monetary System An Insider's View of Financial Institut
Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are availabl
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The American Monetary System An Insider‘s View of Financial Institutions, Markets and Monetary Policy
The American Monetary System
William H. Wallace
The American Monetary System An Insider’s View of Financial Institutions, Markets and Monetary Policy
William H. Wallace Dallas, TX, USA
ISBN 978-3-319-02906-1 ISBN 978-3-319-02907-8 (eBook) DOI 10.1007/978-3-319-02907-8 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2013956361 © Springer International Publishing Switzerland 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To Amy, Doug and Bruce With Love and Gratitude
Acknowledgments
I would like to thank my good friend, Dr. Dede W. Casad, author and literary critic, who has encouraged me to prepare this book for publication. I am grateful to her for her persistence in seeing me through the project. Special thanks also go to my friend and colleague, Dr. Todd Jewell, Chairman of the Department of Economics at the University of North Texas, for his encouragement throughout the project. Finally, I am grateful to the many students at North Texas who used earlier versions of this book in my classes and have contributed immeasurably to corrections of fact and clarifications of concepts that I did not make clear initia
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