LEADER 03542nam 2200721Ia 450 001 9910829030603321 005 20200520144314.0 010 $a1-134-82576-5 010 $a1-280-33358-8 010 $a0-203-28341-4 010 $a0-203-02294-7 024 7 $a10.4324/9780203022948 035 $a(CKB)1000000000248043 035 $a(EBL)169619 035 $a(OCoLC)808011998 035 $a(SSID)ssj0000277151 035 $a(PQKBManifestationID)11214328 035 $a(PQKBTitleCode)TC0000277151 035 $a(PQKBWorkID)10234152 035 $a(PQKB)10459434 035 $a(SSID)ssj0000108733 035 $a(PQKBManifestationID)11114306 035 $a(PQKBTitleCode)TC0000108733 035 $a(PQKBWorkID)10044004 035 $a(PQKB)11612556 035 $a(MiAaPQ)EBC169619 035 $a(Au-PeEL)EBL169619 035 $a(CaPaEBR)ebr10057310 035 $a(CaONFJC)MIL33358 035 $a(OCoLC)1000437490 035 $a(EXLCZ)991000000000248043 100 $a19951219d1996 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBank deregulation and monetary order /$fGeorge Selgin 205 $a1st ed. 210 $aLondon ;$aNew York $cRoutledge$d1996 215 $a1 online resource (299 p.) 225 1 $aRoutledge international studies in money and banking ;$v2 300 $aDescription based upon print version of record. 311 $a1-138-98767-0 311 $a0-415-14056-0 320 $aIncludes bibliographical references and indexes. 327 $aBook 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 327 $aARE 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 330 $aCan the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis. The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system. * Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inheren 410 0$aRoutledge international studies in money and banking ;$v2. 606 $aBanks and banking$xState supervision 606 $aFinancial institutions$xState supervision 615 0$aBanks and banking$xState supervision. 615 0$aFinancial institutions$xState supervision. 676 $a332.46 700 $aSelgin$b George A.$f1957-$0119266 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910829030603321 996 $aBank Deregulation and Monetary Order$9467557 997 $aUNINA