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Laissez Faire Banking

By Kevin Dowd

Routledge – 1993 – 400 pages

Series: Routledge Foundations of the Market Economy

Purchasing Options:

  • Add to CartPaperback: $83.95
    978-0-415-13732-4
    May 29th 1996
  • Add to CartHardback: $195.00
    978-0-415-08584-7
    March 10th 1993

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.

Related Subjects

  1. Monetary Economics

Name: Laissez Faire Banking (Paperback)Routledge 
Description: By Kevin Dowd. 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...
Categories: Monetary Economics