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Financial Stability Without Central Banks

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This book shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank stretches credit too far, it will be reined in by the others before the system as a whole gets out of control.

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Financial Stability Without Central Banks, George Selgin

Langue
Année de publication
2018
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(souple)
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Titre
Financial Stability Without Central Banks
Langue
Anglais
Format
souple
Pages
88
ISBN10
025536752X
ISBN13
9780255367523
Séries
Évaluation
3,65 sur 5
Description
This book shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank stretches credit too far, it will be reined in by the others before the system as a whole gets out of control.