Bordo, Michael D.; Erceg, Christopher J.; Levin, Andrew T. - 2006
Board,
the European Central Bank, the BMW Center for German and European Studies at
Georgetown University and the Center … issuance of National Bank notes with the retirement of
Greenbacks. Its ability to adhere to this policy was facilitated by the … this
increase was financed by money creation by the country’s young central bank, the Federal Reserve
System (Rocko , 2004 …