ENGLISH

Bank Deregulation and Monetary Order (Routledge International Studies in Money and Banking, 2)

By George Selgin

Book information

Year
1996
ISBN
9780203022948, 9780203283417, 9780415140560, 0203022947, 0415140560
LCC
HG1725 .S44 1996
Open Library ID
OL815535M
Language
english
Format
PDF
Filesize
1 MB (1260621 bytes)
Edition
1
Pages
300\299
Topic
Education
Scanned
yes
Time added
2011-06-04 13:46:07

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.

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