NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Mutual Assistance between Federal Reserve Banks, 1913-1960 as Prolegomena to the TARGET2 Debate

Barry Eichengreen, Arnaud J. Mehl, Livia Chițu, Gary Richardson

NBER Working Paper No. 20267
Issued in June 2014

---- Acknowledgements -----

The authors are grateful to Ulrich Bindseil, Philippine Cour-Thimann, Robert Hetzel, J.P. Koning, Allan Meltzer, Adalbert Winkler, Alexander Wolman and to participants in the workshop on monetary and financial history organised by the Federal Reserve Bank of Atlanta on 24-27 June 2013 for comments as well as to Paul de Grauwe, Philipp Hartmann and John Williams for helpful discussions. The views expressed in this paper are those of the authors and do not necessarily reflect those of the ECB, the Eurosystem, the Federal Reserve System or the National Bureau of Economic Research.

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