In the 1960s and 1970s, the Federal Reserve System lost member banks at a rapid rate. How

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In the 1960s and 1970s, the Federal Reserve System lost member banks at a rapid rate. How can the theory of bureaucratic behavior explain the Fed’s campaign for legislation to require all commercial banks to become members? Was the Fed successful in this campaign?

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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