BANK FOR INTERNATIONAL SETTLEMENTS “BIS REVIEW NO. 66”: FEDERAL RESERVE POLICY ACTIONS AND THE CRISIS

May 17, 2010 at 12:43 pm | Posted in Economics, Financial, Globalization, History, Research, USA | Leave a comment

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BIS Review

Bank for International Settlements

BIS Review No 66 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Mon 5/17/10

Please find BIS Review No 66 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 66 (17 May 2010)

Patrick Honohan: Two-way interdependence between the banking system and the State

Duvvuri Subbarao: Volatility in capital flows – some perspectives

Njuguna S Ndung’u: Collaboration among domestic financial sector regulators

Donald L Kohn: Federal Reserve’s policy actions during the financial crisis and lessons for the future

Daniel Boamah: The state of the manufacturing sector in Barbados

Lorenzo Bini Smaghi: Lessons of the crisis – ethics, markets, democracy

e-mail press@bis.org

BIS Review

Bank for International Settlements

BIS Review No 66 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Mon 5/17/10

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TREASURY BILLS: HISTORICAL NOTE

May 17, 2010 at 6:55 am | Posted in Books, Financial, Globalization, History, Research, United Kingdom, USA | Leave a comment

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In the United States, the history of the treasury bill dates back to December 1929.

In his An Economic History of England 1870-1939, Professor William Ashworth explains the rise of the T-bill in England as follows:

“The introduction in 1877 of a new class of paper, Treasury bills, to meet some of the short-term financial needs of the government, promised to do something to offset the increased competition for international bills, but only in the last decade before 1914 were Treasury-bills used at all abundantly.”

An Economic History of England 1870-1939

Methuen & Co. Ltd 1969

Page 169

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