000 02589pam a2200313 a 4500
999 _c1007
_d1007
001 4396239
005 20210817130515.0
008 920724s1993 nyua b 001 0 eng c
020 _a0415085845
040 _aFUE
_cDLC
_dDLC
_erda
082 0 0 _a332.1
_220
_bD.K.L
100 1 _aDowd, Kevin.
_94225
_eauthor
245 1 0 _aLaissez-faire banking /
_cKevin Dowd.
264 1 _aLondon ;
_aNew York :
_bRoutledge,
_c1993.
300 _avi, 380 pages :
_billustrations ;
_c23 cm.
336 _2rdacontent
_atext
337 _2rdamedia
_aunmediated
338 _2rdacarrier
_avolume
440 0 _aFoundations of the market economy series
_94226
504 _aIncludes bibliographical references (p. [357]-371) and index.
505 0 _aPart 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.
520 _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 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.
650 0 _aFree banking
_xHistory.
650 0 _aMonetary policy
_xHistory.
906 _a7
_bcbc
_corignew
_d1
_eocip
_f19
_gy-gencatlg
942 _2ddc
_cBK