Edwin W. Kemmerer

Edwin W. Kemmerer

Edwin Walter Kemmerer (born June 29, 1875 in Scranton , Pennsylvania , † December 16, 1945 in Princeton , New Jersey ) was an American economist. He became known as an influential economic advisor to various foreign governments and was involved in the establishment of various central banks, including the Federal Reserve System .

Act

He graduated from Wesleyan University with Honors and a Phi Beta Kappa Key and received his PhD from Cornell University , where he taught from 1906 to 1912. At age 28, he was appointed Financial Advisor to the United States Commission for the Philippines . In 1912 he became a professor at Princeton University , where he was appointed first director of the new department of international finance. At this point Kemmerer had a reputation as a so-called money doctor. Kemmerer was involved in the introduction of the Federal Reserve System in 1913. He was an economic advisor to various foreign governments ( Mexico , Guatemala, Colombia , Germany , Chile , South Africa , Poland , Ecuador , Bolivia , China , Peru and Turkey ). He campaigned for an economic policy based on strong currencies, the gold standard , a central bank and balanced national budgets . Between 1917 and 1931 he was involved in the creation or restructuring of several central banks in Latin America, including the Banco de Guatemala (1917), the Banco de la República in Colombia (1923), the Banco Central de Chile (1925), the Banco Central del Ecuador (1926) and the Banco Central de Reserva del Peru (1931). He was president of the American Economic Association in 1926 and was elected to the American Academy of Arts and Sciences in 1934 .

Works

• Edwin Walter Kemmerer: High Prices and Deflation . Princeton University Press, 1920.
• Economic Advisory Work for Governments. In: The American Economic Review . Volume 17, No. 1, March 1927, pp. 1-12. JSTOR 1813680
• Edwin Walter Kemmerer [1934]: Kemmerer on Money . Taylor & Francis, 2017, ISBN 9781138634534 .
• Gold and The Gold Standard: The Story of Gold Money Past, Present, and Future. published 1944, pdf .

Web links

Commons : Edwin Walter Kemmerer  - Collection of pictures, videos and audio files

Individual evidence

1. ↑ Edwin Walter Kemmerer. June 20, 2014, accessed March 6, 2020 . 
2. ^ R. Nötel: International Credit and Finance. In: MC Kaser and EA Radice (eds.): The Economic History of Eastern Europe 1919–1975. Clarendon Press, Oxford 1986.
3. ^ Paul W. Drake: Edwin Walter Kemmerer. In: Encyclopedia of Latin American History and Culture. Volume 3, Charles Scribner's Sons, New York 1996, pp. 348-349.
4. ↑ Book of Members 1780 – present, Chapter K. (PDF; 670 kB) In: American Academy of Arts and Sciences (amacad.org). Retrieved June 6, 2020 .