Using historical examples, this book attempts to demonstrate that unregulated banking can be successful and that central banks' beneficial contribution has been greatly exaggerated. Topics covered include a description of the experiment with free banking during the French Revolution.
Using historical examples, this book attempts to demonstrate that unregulated banking can be successful and that central banks' beneficial contribution has been greatly exaggerated. Topics covered include a description of the experiment with free banking during the French Revolution.
Part 1 Are central banks necessary?, Charles A.E.Goodhard: comment, Leslie Pressnell; comment, Geoffrey E.Wood. Part 2 Banking without a central bank - Scotland before 1844 as a "free banking" system, Lawrence H.White: comment, Charles W.Munn; comment, K.Alec Chrystal. Part 3 Lessons from the American experience with free banking, Hugh Rockoff: comment, James A.Dorn; comment, Anna J.Schwartz. Part 4 Experiments with free banking during the French Revolution, Eugene N.White: comment, Forrest H.Capie; comment, Didier Bruneel. Part 5 The evolution of central banking in England, 1821-1890, Kevin Dowd: comment, W.A.Allen; comment, Michael Collins. Part 6 Does regulation produce stability? lessons from the United States, George J.Benston: comment, Michael D.Bordo; comment, Sir Peter Middleton.
Part 1 Are central banks necessary?, Charles A.E.Goodhard: comment, Leslie Pressnell; comment, Geoffrey E.Wood. Part 2 Banking without a central bank - Scotland before 1844 as a "free banking" system, Lawrence H.White: comment, Charles W.Munn; comment, K.Alec Chrystal. Part 3 Lessons from the American experience with free banking, Hugh Rockoff: comment, James A.Dorn; comment, Anna J.Schwartz. Part 4 Experiments with free banking during the French Revolution, Eugene N.White: comment, Forrest H.Capie; comment, Didier Bruneel. Part 5 The evolution of central banking in England, 1821-1890, Kevin Dowd: comment, W.A.Allen; comment, Michael Collins. Part 6 Does regulation produce stability? lessons from the United States, George J.Benston: comment, Michael D.Bordo; comment, Sir Peter Middleton.
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