Free banking in Britain : theory, experience and debate, 1800-1845
Author(s)
Bibliographic Information
Free banking in Britain : theory, experience and debate, 1800-1845
Institute of Economic Affairs in association with Profile Books, 2008
Reissued ed
- : pbk
Available at 1 libraries
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Note
Reprint from digital sources (PDF) of 2nd ed. (rev. and extended). Originally published in 1995
Bibliography: p. 151-169
Includes index
Description and Table of Contents
Description
Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book explores how this could work in practice by examining how this has worked historically, specifically in the United Kingdom in the early 19th century. After building a theory of free banking, its central chapters explore the history of Scotlands experience of free banking and the contemporary policy debate over the question of whether Parliament should allow free banking in England. The final chapters bring the debate forward and examine how free banking could work in modern times. The result is a significantly revised and update edition of a book about privately issued currency.
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