Quarterly Journal of Economics Vol. 60 No. 3 1946

Federal Reserve Policy in Transition

Charles R. Whittlesey^1,2

¹ California University of Pennsylvania · ² University of Pennsylvania

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.

DOI

10.2307/1880676

Volume

60

Issue

3

Pages

340

Sources

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