LAISSEZ-FAIRE BANKING by Kevin K. Dowd ( 9780415137324 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

LAISSEZ-FAIRE BANKING

By:

Kevin K. Dowd

Format:

Paperback

List price:

£58.99

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£57.22

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3% off

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£1.77

ISBN 10:

0415137322

ISBN 13:

9780415137324

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Publisher:

TAYLOR & FRANCIS LTD

Pub. date:

30 May, 1996

Series:

Routledge Foundations of the Market Economy

Pages:

392

Description:

This volume documents the revival of free banking in recent years, combining chapters on the theory of laissez-faire banking, the historical experience of it and the solutions it might offer to current banking crises.

Synopsis:

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.

Publication:

Imprint:

Routledge

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