Intro -- Chapter 1. Central Bank Autonomy: A Historical Perspective -- Chapter 2. The Autonomy of Monetary Authorities: The Case of the U.S. Federal Reserve System -- 1 The Two Banks of the United States, 1791-1836 -- 2 The Independent Treasury System, 1840-1914 -- 3 The Federal Reserve System,...

We investigate the origins and growth of the Financial Stability Mandate (FSM) to examine why bank supervisors, inside and outside of central banks succeeded or failed to meet their FSM. Three issues inform this study: (1) what drives changes in the FSM, (2) whether supervision should be...

We investigate the origins and growth of the Financial Stability Mandate (FSM) to examine why bank supervisors, inside and outside of central banks succeeded or failed to meet their FSM. Three issues inform this study: (1) what drives changes in the FSM, (2) whether supervision should be...