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- Author: Kevin Dowd
- Publisher: Routledge
- ISBN-10: 0415085845
- ISBN-13: 9780415085847
- Format: 14 x 21.6 x 2.5 cm, hardcover
- Language: English
- SAVE -10% with code: EXTRA
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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.
EXTRA 10 % discount with code: EXTRA
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- Author: Kevin Dowd
- Publisher: Routledge
- ISBN-10: 0415085845
- ISBN-13: 9780415085847
- Format: 14 x 21.6 x 2.5 cm, hardcover
- Language: English English
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.
Reviews