LEADER 03850nam 2200817Ia 450 001 9910806814503321 005 20200520144314.0 010 $a1-134-77563-6 010 $a0-429-22866-X 010 $a0-415-08584-5 010 $a1-134-77564-4 010 $a1-280-33254-9 010 $a9786610332540 010 $a0-585-46131-7 010 $a0-203-02909-7 024 7 $a10.4324/9780203029091 035 $a(CKB)1000000000251333 035 $a(EBL)166882 035 $a(OCoLC)437076259 035 $a(SSID)ssj0000188478 035 $a(PQKBManifestationID)11179581 035 $a(PQKBTitleCode)TC0000188478 035 $a(PQKBWorkID)10153034 035 $a(PQKB)10398426 035 $a(SSID)ssj0000381243 035 $a(PQKBManifestationID)11267937 035 $a(PQKBTitleCode)TC0000381243 035 $a(PQKBWorkID)10382898 035 $a(PQKB)10600207 035 $a(SSID)ssj0000301226 035 $a(PQKBManifestationID)12095849 035 $a(PQKBTitleCode)TC0000301226 035 $a(PQKBWorkID)10263938 035 $a(PQKB)10738351 035 $a(MiAaPQ)EBC166882 035 $a(Au-PeEL)EBL166882 035 $a(CaPaEBR)ebr10058141 035 $a(CaONFJC)MIL33254 035 $a(OCoLC)1000430883 035 $a(EXLCZ)991000000000251333 100 $a19920724d1993 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aLaissez-faire banking /$fKevin Dowd 205 $a1st ed. 210 $aLondon ;$aNew York $cRoutledge$d1993 215 $a1 online resource (384 p.) 225 1 $aFoundations of the market economy series 300 $aDescription based upon print version of record. 311 $a0-415-13732-2 320 $aIncludes bibliographical references (p. [357]-371) and index. 327 $aCover; 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? 327 $a11 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; Index 330 $aThe idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the Government has to protect the value of the currency. Against this free banking sets an argument which is in essence very simple: if markets are generally better at allocating resources than governments, then what is different about money and the industr 410 0$aFoundations of the market economy series. 606 $aFree banking$xHistory 606 $aMonetary policy$xHistory 615 0$aFree banking$xHistory. 615 0$aMonetary policy$xHistory. 676 $a332.1 700 $aDowd$b Kevin$0117350 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910806814503321 996 $aLaissez-faire banking$9669581 997 $aUNINA