Laissez Faire Banking

Laissez Faire Banking

by Kevin Dowd
     
 

View All Available Formats & Editions

ISBN-10: 0415085845

ISBN-13: 9780415085847

Pub. Date: 03/26/1993

Publisher: Taylor & Francis

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

Overview

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 industry that provides it and why? Laissez-Faire Banking is divided into three interrelated sections, dealing with the theory of free banking, historical experiences of it and present-day monetary and banking reforms based on free banking principles.

Product Details

ISBN-13:
9780415085847
Publisher:
Taylor & Francis
Publication date:
03/26/1993
Series:
Routledge Foundations of the Market Economy Series
Pages:
400
Product dimensions:
5.50(w) x 8.50(h) x 1.00(d)
Age Range:
18 Years

Table of Contents

Introduction. 1.Part One: Free-Banking Theory 2. Automatic Stabilizing Mechanism Under Free Banking 3. Option Clauses and the Stability of a Laissez-Faire Monetary System 4. Monetary Freedom and Monetary Stability 5. Is Banking a Natural Monopoly? 6. Models of Banking Instability.Part Two: Historical Experience 7. Australian Free Banking 8. U.S.Banking in the `Free Banking' Period 9. Money and Banking: The American Experience 10. Did Central Banks Evolve Naturally? 11. The Evolution of Central Banking in England, 1821-1890 12. The Evolution of Central Banking in England: A Reply to My Critics.Part Three: Monetary and Banking Reform 13. Stopping Inflation 14. Does Europe Need a Federal Reserve System? 15. Evaluating the Hard Ecu 16. The U.S. Banking Crisis: The Way Out

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >