1.

Record Nr.

UNINA9910829030603321

Autore

Selgin George A. <1957->

Titolo

Bank deregulation and monetary order / / George Selgin

Pubbl/distr/stampa

London ; ; New York, : Routledge, 1996

ISBN

1-134-82576-5

1-280-33358-8

0-203-28341-4

0-203-02294-7

Edizione

[1st ed.]

Descrizione fisica

1 online resource (299 p.)

Collana

Routledge international studies in money and banking ; ; 2

Disciplina

332.46

Soggetti

Banks and banking - State supervision

Financial institutions - State supervision

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Book Cover; Title; Contents; List of illustrations; Acknowledgements; INTRODUCTION; HOW WOULD THE INVISIBLE HAND HANDLE MONEY? (with Lawrence H.White); THE EVOLUTION OF A FREE BANKING SYSTEM (with Lawrence H.White); THE RATIONALIZATION OF CENTRAL BANKS; THE STABILITY AND EFFICIENCY OF MONEY SUPPLY UNDER FREE BANKING; COMMERCIAL BANKS AS PURE INTERMEDIARIES Between ~old~ and ~new~ views; FREE BANKING AND MONETARY CONTROL; MONETARY EQUILIBRIUM AND THE PRODUCTIVITY NORM OF PRICE-LEVEL POLICY; THE ~PRODUCTIVITY NORM~ VERSUS ZERO INFLATION IN THE HISTORY OF ECONOMIC THOUGHT

ARE BANKING CRISES FREE-MARKET PHENOMENA?LEGAL RESTRICTIONS, FINANCIAL WEAKENING, AND THE LENDER OF LAST RESORT; IN DEFENSE OF BANK SUSPENSION; BANK-LENDING ~MANIAS~ IN THEORY AND HISTORY; Index

Sommario/riassunto

Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis. The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market



forces in an otherwise unregulated banking system. * Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inheren