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Understanding the Term Structure of Interest Rates: The Expectations Theory - Review

Steven Russell describes the most popular theory of the term structure, the expectations theory. After laying out the building blocks of the expectations theory, Russell shows how the expectations of participants in financial markets and the decisions they make create linkages between the market interest rates on short- and long-term securities.

research.stlouisfed.org/.../

The Government's Role in Deposit Insurance - Review

During the 1980s, banks and thrift institutions failed at a rate the United States has not experienced since the Great Depression. Deposits at most of these institutions were insured by the federal government, and covering the insurance liabilities has required hundreds of billions of dollars in taxpayer funds.

research.stlouisfed.org/.../review/1993/01/01/the-governments-role-in-deposit-insurance

The U.S. Currency System: A Historical Perspective - Review

Steven Russell uses historical examples to define currency and currency systems, describe the various forms that currency can take and identify the distinctive features of the U.S. currency system. He also provides a short history of the U.S. currency system from its origins through the end of the Civil War.

research.stlouisfed.org/.../review/1991/09/01/the-u-s-currency-system-a-historical-perspective/