edited by Lawrence H. White

The question of free banking - or laissez-faire in money - raises fundamental theoretical, historical and normative issues. Discussions of free banking contemplate the consequences of abolishing government central banks, and allowing unrestricted money issue by private banks. Research on free banking questions has expanded tremendously in the past two decades These three volumes collect together important modern articles on the theory, history and policy implications of free banking. The literature is marked by a number of sharp intellectual controversies, and the editor has included both sides of the most important debates. The editor's introduction provides a fresh perspective on the developments in monetary theory and in the real world that have stimulated the several strands of research represented here.

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  • Part 1 19th-century thought: The British free banking school
  • American free banking thought
  • later British writers. Part 2 History: secondary accounts of free banking thought
  • the "Free Banking" era in the United States
  • other experiences
  • private clearing houses. Part 3 Modern theory and policy: free banking with a distinct base money
  • competing non-commodity base monies
  • competitive payments systems without base money
  • the legal restrictions theory
  • policy implications.

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書名 History
著作者等 White, Lawrence H.
White Lawrence H.
シリーズ名 An Elgar reference collection
The international library of macroeconomic and financial history
出版元 E. Elgar Pub.
刊行年月 c1993
ページ数 viii, 343 p.
大きさ 25 cm
ISBN 1852785977
NCID BA21356645
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言語 英語
出版国 イギリス