Overview

For many years, the philosophy of central banking reigned supreme, and was virtually unquestioned despite its shortcomings. Yet these problems--especially the inability to produce currency that does not inflate--have led to a resurgence in free, or laissez faire, banking. Some of this interest has focused on theoretical issues, but much historical work has been compiled on places and periods that experienced some form of free banking.

The ...
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Experience of Free Banking

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Overview

For many years, the philosophy of central banking reigned supreme, and was virtually unquestioned despite its shortcomings. Yet these problems--especially the inability to produce currency that does not inflate--have led to a resurgence in free, or laissez faire, banking. Some of this interest has focused on theoretical issues, but much historical work has been compiled on places and periods that experienced some form of free banking.

The Experience of Free Banking contains the widest summary to date of this work, including assessments of free banking in Australia, the United States, Canada, China, Colombia, France, Scotland, and Switzerland, and a world overview. Competition in banking has been suppressed because it triggers rapid inflation, will destabilize the banking industry, and because banking is a natural monopoly. These case studies provide a historical laboratory in which these assumptions about free banking are tested, and in almost every instance, found to be invalid.
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Product Details

  • ISBN-13: 9780203408254
  • Publisher: Routledge
  • Publication date: 4/2/1992
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 288
  • File size: 2 MB

Table of Contents

1. Introduction: The Experience of Free Banking 2. Overview: The World History of Free Banking Kurt Schuler 3. Free Banking in Australia Kevin Dowd 4. Free Banking in Canada Kurt Schuler 5. Free Banking in Columbia Adolfo Meisel 6. Free Banking

in Foochow George A. Selgin 7. Free Banking in France (1796-1803) Philippwe Nataf 8. Free Banking in Ireland Howard Bodenhorn 9. Free Banking in Scotland before 1844 Lawrence H. White 10. Free Banking in Switzerland after the Liberal Revolutions in the

Nineteenth Century Ernst Juerg Weber 11. US Banking in the `Free Banking' Period Kevin Dowd

episodes of free banking generally understandable (Southern Economic Journal - January 1994)

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