Bank Deregulation & Monetary Order
1st Edition
Published on 7. November 1996
Book
Hardback
300 pages
978-0-415-14056-0 (ISBN)
Description
Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis.
The volume is divided into three sections:
* Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system.
* Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system.
* Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
The volume is divided into three sections:
* Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system.
* Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system.
* Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 21 mm
Weight
617 gr
ISBN-13
978-0-415-14056-0 (9780415140560)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
George Selgin
Bank Deregulation & Monetary Order
Book
12/2015
1st Edition
Routledge
€71.80
Shipment within 10-20 days
George Selgin
Bank Deregulation & Monetary Order
E-Book
03/2002
Routledge
€64.49
Available for download
George Selgin
Bank Deregulation & Monetary Order
E-Book
03/2002
Routledge
€64.49
Available for download
Person
George Selgin is Associate Professor of Economics at the University of Georgia
Content
INTRODUCTION Part I The nature of free banking 1 HOW WOULD THE INVISIBLE HAND HANDLE MONEY? (with Lawrence H.White) 2 THE EVOLUTION OF A FREE BANKING SYSTEM (with Lawrence H.White) 3 THE RATIONALIZATION OF CENTRAL BANKS Part II Macroeconomic consequences of deregulation 4 THE STABILITY AND EFFICIENCY OF MONEY SUPPLY UNDER FREE BANKING 5 COMMERCIAL BANKS AS PURE INTERMEDIARIES Between "old" and "new" views 6 FREE BANKING AND MONETARY CONTROL 7 MONETARY EQUILIBRIUM AND THE PRODUCTIVITY NORM OF PRICE-LEVEL POLICY 8 THE "PRODUCTIVITY NORM" VERSUS ZERO INFLATION IN THE HISTORY OF ECONOMIC THOUGHT Part III The regulatory sources of monetary disorder 9 ARE BANKING CRISES FREE-MARKET PHENOMENA? 10 LEGAL RESTRICTIONS, FINANCIAL WEAKENING, AND THE LENDER OF LAST RESORT 11 IN DEFENSE OF BANK SUSPENSION 2 BANK-LENDING "MANIAS" IN THEORY AND HISTORY