Eugene White: Fed supervision increased probability of crises
The Federal Reserve's enhanced role in banking supervision in the early part of the last century altered the behavior of banks, Eugene White, a professor at Rutgers University, said in a paper published on Friday
In a paper to honour the 100th anniversary of the meeting that resulted in a blueprint for the Federal Reserve System, White discusses the impact the Federal Reserve's new role as a banking supervisor had on the Great Depression. White notes that although the light-handed approach to
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