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Free banking and monetary reform
Gespeichert in:
| Autor:in: | |
|---|---|
| Sprache: | Englisch |
| Veröffentlicht: | Cambridge : Cambridge University Press, 1989 |
| Umfang: | 1 Online-Ressource (xvi, 276 pages) : digital, PDF file(s) |
| Bibliogr. Zusammenhang: | Print version:
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| ISBN: | 9780511528408 051152840X 9780521361750 0521361753 9780521022514 0521022517 |
| Anmerkungen: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Schlagwörter: | |
| DOI: | 10.1017/CBO9780511528408 |
| wird zitiert von: | 83 Titel im Zitationsindex COCI |
| Zusammenfassung: | The power of the state to issue currency and control the monetary system is so entrenched, and the presumption among economists that money must be supplied monopolistically by a central authority is so widespread, that the notion that money could be supplied competitively has rarely been taken seriously. This book boldly challenges the conventional view that the state must play a dominant role in the monetary system. Part I explores the historical evidence and examines how a well-developed monetary system might have developed without any special role for the state. Part II offers a theory for a competitive supply of money and uses it to shed light on the development of monetary theory and the course of monetary history over the past two centuries. In Part III the author outlines new proposals for monetary reform that will protect the financial system against instability and will ensure macroeconomic stability |