03850nam 2200817Ia 450 991080681450332120200520144314.01-134-77563-60-429-22866-X0-415-08584-51-134-77564-41-280-33254-997866103325400-585-46131-70-203-02909-710.4324/9780203029091 (CKB)1000000000251333(EBL)166882(OCoLC)437076259(SSID)ssj0000188478(PQKBManifestationID)11179581(PQKBTitleCode)TC0000188478(PQKBWorkID)10153034(PQKB)10398426(SSID)ssj0000381243(PQKBManifestationID)11267937(PQKBTitleCode)TC0000381243(PQKBWorkID)10382898(PQKB)10600207(SSID)ssj0000301226(PQKBManifestationID)12095849(PQKBTitleCode)TC0000301226(PQKBWorkID)10263938(PQKB)10738351(MiAaPQ)EBC166882(Au-PeEL)EBL166882(CaPaEBR)ebr10058141(CaONFJC)MIL33254(OCoLC)1000430883(EXLCZ)99100000000025133319920724d1993 uy 0engur|n|---|||||txtccrLaissez-faire banking /Kevin Dowd1st ed.London ;New York Routledge19931 online resource (384 p.)Foundations of the market economy seriesDescription based upon print version of record.0-415-13732-2 Includes bibliographical references (p. [357]-371) and index.Cover; Laissez-faire banking; Title Page; Copyright Page; Table of Contents; List of figures and tables; Acknowledgements; 1 Introduction; Part I Free banking theory; 2 Automatic stabilizing mechanisms 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 II Historical experience; 7 Free banking in Australia; 8 US 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, 1821-9012 The evolution of central banking in England: a reply to my critics; Part III Monetary and banking reform; 13 Stopping inflation; 14 Does Europe need a Federal Reserve System?; 15 Evaluating the hard ecu; 16 The US banking crisis: the way out; Notes; Bibliography; IndexThe 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 industrFoundations of the market economy series.Free bankingHistoryMonetary policyHistoryFree bankingHistory.Monetary policyHistory.332.1Dowd Kevin117350MiAaPQMiAaPQMiAaPQBOOK9910806814503321Laissez-faire banking669581UNINA