A free book on Fed History

Kansas City Fed economist and historian Tim Todd has written a new book on Fed history – The Balance of Power: The Political Fight for an Independent Central Bank, 1790 – present. It is also pretty short and we have just about 52 pages with photos etc.

I have not read it but a quick scan shows it is a great read.


I don’t know how many know but RBI also has prepared a detailed report on its history. The report is in 3 volumes and all the materials are online here . The summary is here. The report on currency and finance 2004-05 was also on central banking. It also has very useful research on evolution of RBI here.

However, I think the main history document is just too detailed. It will be great if RBI just makes the study more concise and updates it to reflect on today’s times. What are the lessons etc from RBI’s history….. It is the right time as well as RBI is celebrating its 75th anniversary.


2 Responses to “A free book on Fed History”

  1. A free book on Fed History « Mostly Economics | Museum And Art Says:

    […] the rest here: A free book on Fed History « Mostly Economics Connect and […]

  2. Vivekanand Says:

    Good compilation Amol! Your blog is a treasure trove of knowledge.

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