Selgin, George
Financial Stability Without Central Banks
- ISBN 13:
- 9780255367523
- author:
- Selgin, George
- format:
- Paperback
- publisher:
- Institute of Economic Affairs
- language:
- English
- Publication Year:
- 2018
- Pages:
- 88
- Dimensions:
- 130 mm X 198 mm
- Genre:
- 19.8 x 13 centimetres (0.11 kg), Business, Economics, General,
- Condition:
- New
- Availability:
- Item usually sent within 4 working days
Description
Financial Stability Without Central Banks by George A. Selgin, Mathieu Bédard and Kevin Dowd explores an alternative approach to monetary policy, one that relies on self-regulation rather than government intervention. The authors examine the history of 'free banking' in Scotland and Canada, where private banks operated without a central bank, and compare this system to others with central banks. They argue that such systems can bring about greater financial stability due to the natural checks and balances among competing banks. Commentaries from Kevin Dowd and Mathieu Bédard add further depth to the discussion, including questions around the role of a gold standard in maintaining stability and the impact of government control on the banking sector.
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