Laissez-faire banking
Author(s)
Bibliographic Information
Laissez-faire banking
（Foundations of the market economy series / edited by Mario J. Rizzo and Lawrence H. White）
Routledge, 1993
- pbk.
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Note
Includes bibliographical references and index
Paperback edition first published 1996
Description and Table of Contents
Description
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 inter-related sections, dealing with the theory of free banking, historical experiences of it and present-day monetary and banking reforms based on free banking principles.
Table of Contents
- Part 1 Free-Banking Theory: Automatic Stabilizing Mechanism Under Free Banking
- Option Clauses and the Stability of a Laissez-Faire Monetary System
- Monetary Freedom and Monetary Stability
- Is Banking a Natural Monopoly?
- Models of Banking Instability. Part 2 Historical Experience: Australian Free Banking
- US Banking in the Free Banking Period
- Money and Banking: The American Experience
- Did Central Banks Evolve Naturally?
- The Evolution of Central Banking in England, 1821-1890
- The Evolution of Central Banking in England: A Reply to My Critics. Part 3 Monetary and Banking Reform: Stopping Inflation
- Does Europe Need a Federal Reserve System?
- Evaluating the Hard Ecu
- The US Banking Crisis: The Way Out.
by "Nielsen BookData"