01718cas a2200241 a 4500 AALejournalIMF014762 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498344692 1018-5941 BD-DhAAL BD-DhAAL Gaspar, Vitor. The Making of a Continental Financial System : Lessons for Europe from Early American History / Vitor Gaspar. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations, achieved debt service reduction, and stabilized financial panics. He delivered sound public finances and financial stability. In the end, the U.S. possessed a modern financial system able to finance innovation and growth. At a time when Europe is working its way out of the sovereign debt crisis and implementing Banking Union and Financial Union, it is worthwhile to search for lessons from early U.S. history. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2014/183 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/183/001.2014.issue-183-en.xml IMF e-Library