ABSTRACT

The idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the Govern

chapter 1|21 pages

Introduction

part |1 pages

Part I Free banking theory

part |1 pages

Part II Historical experience

part |1 pages

Part III Monetary and banking reform

chapter 13|10 pages

Stopping inflation

chapter 14|16 pages

Does Europe need a Federal Reserve System?

chapter 15|11 pages

Evaluating the hard ecu

chapter 16|27 pages

The US banking crisis: the way out