Master-Arbeit Univ. St. Gallen, 2005.

Thesis (Ph. D.)--University of Wisconsin--Madison, 1980. / Typescript. Vita. Includes bibliographical references (leaves 470-488).

Texte remanié de: Th. Ph. D.--Sc. économiques--Nashville, Tenn.--Vanderbilt university, 1972. / Bibliogr. p. 189-193. Index.

Thesis (Ph. D.)--University of Washington, 2002. / Vita. Includes bibliographical references (p. 85-93).

The thesis describes the chain of causation that leads from the causes of the financial crisis over its consequencies towards the reactions of the Federal Reserve System. After the consequencies of the Crisis have been identified, the author deals in detail with the measures taken -- with their characteristics and the way they function. Afterwards, the author evaluates efficiency of these meausures and describes the role they played in the overall attitude of the Federal Reserve System to handling the Crisis.

This master thesis deals with a number of international processes in terms of geoeconomics. The main goal of this work is to research the position of dollar, ruble and petroleum in geoeconomic processes. At first goes the analysis of the current condition of the United States dollar, the assessment of exposure level of the system to other countries to establish the real role of the U.S. Federal Reserve. Then goes the analysis of the current status of Russian ruble and the Central Bank of Russian Federation. A large part of the work is devoted to petroleum as a basic raw material at present and its relations to U.S. dollar. At the end is the assessment of the U.S. dollar prospects in the 21 century and possible solutions, which will probably help to eliminate the negative consequences in case of using dollar as the dominant financial system in the world.

This thesis deals with monetary policy implemented by the Central bank of the United States the Federal Reserve System (Fed) from the 90s to the present day. The goal of this thesis is to assess the impact of monetary policy of the Fed on the American and the world economy in a given time interval. The first chapter deals with the general theory of functions of the central bank, its structure and history. The rest of the chapters are devoted to the description of the economic situation in the USA in the sub-periods and analyzing the steps and procedures that Fed had undertaken in response to these economic situation. The last chapter deals with the financial crisis of recent years, including possible causes and consequences, focusing on the main measures applied by the Fed in an effort to avoid or at least mitigate the crisis and the current development of the Fed.

Dissertation deals with the Federal reserve system, which is the central Bank of the United states of America. The dissertation is supposed to analyze monetary politics of FED with regard to the possible connection of this institution with the last financial crisis. Chapter nbr. I. introduces short history of the central banking in the USA, the situation before FED was created, circumstances with the enactment of Federal Reserve act from 1913, followed by foundation of FED and first of all about its task during the period of Great depression in the 30th of the 20th century. Enclosed is the overview of critical economical opinions how the FED was functioning. The second part of the dissertation describes the monetary politics of FED before the crisis years 2000-2007. It evaluates the main steps the FED undertook to prevent or alleviate the incomming crisis. Further it evaluates these steps with recommendations of renowned and respected economists. Next chapter deals with the mortgage market crisis and with the monetary politics of FED between the years 2007-2011. This chapter also describes different situation of FED and European central bank and their monetary politics as a reaction to the mortgage crisis. Fourth and last chapter is aimed at the possible cause of the financial crisis and present development of FED.

This diploma thesis tries to analyse the monetary policy of the Federal Reserve System in the 1920s. Through a detailed scrutiny of the influence of the American Central Bank on the economic activities it also tries to answer the question whether the Federal Reserve System could be considered as the main factor behind the causes and consequences of the Great Depression. This analysis can be divided into two periods. In the first period it explores the connection between the Federal Reserve System and the so-called New Era of American Capitalism in the 1920s. In addition, it raises the question whether the Central American Bank (through monetary policy tools) influenced the contemporary economic and political development to such an extent that it resulted into the Great Depression. The focus of the second period is the behaviour of the Federal Reserve System right after the Stock Market Crash of 1929.

The thesis is dedicated to clarifying the origins and main causes of the economic crisis. In the first part I ilustrate the connection between the monetary policies of central banks and the changes in structure of the production and investments with the help of Austrian Business Cycle Theory. These theoretical assumptions are confronted with the empirical findings from USA throughout the 20th century. The second part discusses other factors leading to the crises, mainly focusing on the 2009 economic crises and various free market and state controlled factors. The thesis discusses these factors from the point of view of theoretical and empirical knowledge of economic science.