How were the Federal Reserve Bank locations selected?

被引：6

作者：

McAvoy, MR ^{[1
]}

机构：

[1] SUNY Coll Oneonta, Div Econ & Business, Netzer Adm 226, Oneonta, NY 13820 USA

来源：

EXPLORATIONS IN ECONOMIC HISTORY | 2006年 / 43卷 / 03期

关键词：

Federal Reserve Organization Committee; central banking; financial and economic history; public choice;

D O I：

10.1016/j.eeh.2005.06.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The Reserve Board Organization Committee decision to locate 12 Federal Reserve Banks is reviewed. Probability choice models estimate a city's selection probability for a Federal Reserve Bank location. Results of predicted selections show reserve cities were selected for their spatial economic characteristics, including information contained in bankers' preferences, infrastructure development, population and recent National Banking System growth, rather than Democratic Party politics. The Reserve Board Organization Committee placed Federal Reserve Banks in preeminent financial and commercial centers, and relied upon bankers' preferences for the remaining non-obvious selections. Given 12 cities were to be selected, the conclusion drawn is the decision was in the public interest. (c) 2005 Elsevier Inc. All rights reserved.

引用

页码：505 / 526

页数：22

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