Central Bank of Nigeria Library

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Money and power : banks and the world monetary system /

By: Contributor(s): Material type: TextTextSeries: Sage Library of Research ; v. 66Publication details: Beverly Hills, Calif : Sage Publications, c1977.Description: 224 pISBN:
  • 0803909985
  • 0803910460 (pbk.)
Subject(s): DDC classification:
  • 332.4'5 ARO
LOC classification:
  • HG3881 .A774
Online resources: Summary: Jonathan Aronson attempts to determine "whether bank behavior exerts pressure on government decision makers to adopt policies or take decisions which they do not favor" (p. 16). He distinguishes direct, intentional control over public policy from the indirect influence banks could acquire by behaving in ways which limit the policy choices available to government. Aronson finds surprisingly little evidence of direct bank influence. Bankers are ineffective lobbyists; they are frequently divided among themselves on the issues, and their efforts are greeted with deep suspicion in Congress and the executive branch. In cases involving exchange regulations from 1963 to 1974 Aronson finds that U.S. banks seldom got their way with the Federal Reserve Board or Treasury.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.4'5 ARO (Browse shelf(Opens below)) Available 31008100149786

Includes index.

Includes bibliographical references: p. 199-211.

Jonathan Aronson attempts to determine "whether bank behavior exerts pressure on government decision makers to adopt policies or take decisions which they do not favor" (p.
16). He distinguishes direct, intentional control over public policy from the indirect influence banks could acquire by behaving in ways which limit the policy choices available to government.
Aronson finds surprisingly little evidence of direct bank influence. Bankers are ineffective lobbyists; they are frequently divided among themselves on the issues, and their efforts are
greeted with deep suspicion in Congress and the executive branch. In cases involving exchange regulations from 1963 to 1974 Aronson finds that U.S. banks seldom got their way with the Federal Reserve Board or Treasury.

rpm 04/05/2018

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