In the early post-Soviet period, Ukraine appeared to be firmly on the path to democracy. But the Kuchma presidency was clouded by dark rumors of corruption and even political murder, and, by 2004, the country was in full-blown political crisis. This book looks beyond these dramatic events and aims to identify the actual play of power in Ukraine. Introduction; Part 1 Evolution of the Locus of Power and the Methods and Bases of Policy: 1915–23; Chapter 1 The Prewar Years: 1915–16; Chapter 2 The Attempt to Finance the War Through Nonbank Investors: 1917–18; Chapter 3 Postwar Adjustment: 1919–20; Chapter 4 The Depression of 1920–21; Chapter 5 The Evolution of the Open Market Committee; Part 2 Monetary Policy: 1923–33; intro2 Introduction; Chapter 6 Conflicting Views of Monetary Policy: 1923–24; Chapter 7 Stability: 1925–26; Chapter 8 The Recession of October 1926–November 1927; Chapter 9 The Failure of Monetary Policy: 1928–29; Chapter 10 The Beginning of the Depression: 1930–33; Part 3 Conclusions; Chapter 11 The Evolution of Federal Reserve Independence; Chapter 12 The Banking Act of 1935;
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