| Description |
1 online resource (vi, 380 pages) : illustrations |
| Series |
Foundations of the market economy series |
|
Foundations of the market economy series.
|
| Contents |
Automatic stabilizing mechanisms under free banking -- Option clauses and the stability of laissez-faire monetary system -- Monetary freedom and monetary stability -- Is banking a natural monopoly? -- Models of banking instability -- Free banking in Australia -- US banking in the free banking period -- Money and banking: the American experience -- Did central banks evolve naturally? -- The evolution of central banking in England, 1821-90 -- The evolution of central banking in England: a reply to my critics -- Stopping inflation -- Does Europe need a Federal Reserve System? -- Evaluating the hard ecu -- The US banking crisis: the way out |
| Summary |
The idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the Government has to protect the value of the currency. Against this free banking sets an argument which is in essence very simple: if markets are generally better at allocating resources than governments, then what is different about money and the industr |
| Analysis |
Banking |
| Bibliography |
Includes bibliographical references (pages 357-371) and index |
| Notes |
English |
|
Print version record |
| Subject |
Free banking -- History
|
|
Monetary policy -- History
|
|
BUSINESS & ECONOMICS -- Banks & Banking.
|
|
Free banking
|
|
Monetary policy
|
|
Banques -- Histoire.
|
| Genre/Form |
Electronic books
|
|
History
|
| Form |
Electronic book
|
| LC no. |
92026123 |
| ISBN |
9780203029091 |
|
0203029097 |
|
0585461317 |
|
9780585461311 |
|
9780415085847 |
|
0415085845 |
|
0817635521 |
|
9780817635527 |
|
3764335521 |
|
9783764335526 |
|
9781134775644 |
|
1134775644 |
|
9781134775590 |
|
1134775598 |
|
9781134775637 |
|
1134775636 |
|
9780415137324 |
|
0415137322 |
|
1280332549 |
|
9781280332548 |
|
9786610332540 |
|
6610332541 |
|
