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Laissez Faire Banking

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by Kevin Dowd
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Laissez Faire Banking 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 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.

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Ebook Details
Pages: 400
Size: 1.6 MB
Publisher: Routledge
Date published:   2013
ISBN: 2370005224380 (EPUB)

This product is listed in the following category:

Nonfiction > Business & Economics > Economics

This author has products in the following categories:

Nonfiction > Business & Economics > Finance
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > Banks & Banking

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