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History/Military Bank Deregulation and Monetary Order

Posted on 2010-03-15




Name:History/Military Bank Deregulation and Monetary Order
ASIN/ISBN:0415140560
Language:English
File size:1.2 Mb
Pages: 300 pages
Publish Date: 1996
ISBN: 0415140560
File Type: PDF
File Size: 1.2 mb
Other Info: Routledge
   History/Military Bank Deregulation and Monetary Order

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

Can the "invisible hand" handle money? In this collection of essays 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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