Financial Stability Without Central Banks (ePub)
(Sprache: Englisch)
George Selgin is one of the world's foremost monetary historians. In this book, based on the 2016 Hayek Memorial Lecture, he shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank...
sofort als Download lieferbar
eBook (ePub)
6.49 €
3 DeutschlandCard Punkte
sammeln
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenloser tolino webreader
Produktdetails
Produktinformationen zu „Financial Stability Without Central Banks (ePub)“
George Selgin is one of the world's foremost monetary historians. In this book, based on the 2016 Hayek Memorial Lecture, he shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank stretches credit too far, it will be reined in by the others before the system as a whole gets out of control. The banks have a strong incentive to ensure an orderly resolution if a particular bank is facing insolvency or illiquidity.
Selgin draws on evidence from the era of 'free banking' in Scotland and Canada. These arrangements enjoyed greater financial stability, with fewer banking crises, than the English system with its central bank and the US model with its faulty government regulation. The creation of the Federal Reserve appears to have increased the frequency of financial crises.
The book also includes commentaries by Kevin Dowd and Mathieu Bédard. Dowd asks whether free-banking systems should be underpinned by a gold standard, which he regards as a tried-and-tested institution at the heart of their success. Bédard challenges the assumption that the banking sector is inherently unstable and therefore requires state intervention. He argues that increases in government control have made the banking system more prone to crisis.
Selgin draws on evidence from the era of 'free banking' in Scotland and Canada. These arrangements enjoyed greater financial stability, with fewer banking crises, than the English system with its central bank and the US model with its faulty government regulation. The creation of the Federal Reserve appears to have increased the frequency of financial crises.
The book also includes commentaries by Kevin Dowd and Mathieu Bédard. Dowd asks whether free-banking systems should be underpinned by a gold standard, which he regards as a tried-and-tested institution at the heart of their success. Bédard challenges the assumption that the banking sector is inherently unstable and therefore requires state intervention. He argues that increases in government control have made the banking system more prone to crisis.
Autoren-Porträt von George Selgin, Kevin Dowd, Mathieu Bédard
George Selgin is Director of the Cato Institute's Center for Monetary and Financial Alternatives, a Senior Affiliated Scholar at the Mercatus Center at George Mason University, and Professor Emeritus at the University of Georgia. He is the author of Money: Free and Unfree (2017); Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage (2008); and the IEA Hobart Paper Less Than Zero: The Case for a Falling Price Level in a Growing Economy (1997).
Bibliographische Angaben
- Autoren: George Selgin , Kevin Dowd , Mathieu Bédard
- 2018, 1. Auflage, 88 Seiten, Englisch
- Verlag: London Publishing Partnership
- ISBN-10: 0255367546
- ISBN-13: 9780255367547
- Erscheinungsdatum: 04.01.2018
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
eBook Informationen
- Dateiformat: ePub
- Größe: 1.34 MB
- Mit Kopierschutz
Sprache:
Englisch
Kopierschutz
Dieses eBook können Sie uneingeschränkt auf allen Geräten der tolino Familie lesen. Zum Lesen auf sonstigen eReadern und am PC benötigen Sie eine Adobe ID.
Kommentar zu "Financial Stability Without Central Banks"
0 Gebrauchte Artikel zu „Financial Stability Without Central Banks“
| Zustand | Preis | Porto | Zahlung | Verkäufer | Rating |
|---|
Schreiben Sie einen Kommentar zu "Financial Stability Without Central Banks".
Kommentar verfassen