Routledge international studies in money and banking ;
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Includes bibliographical references and indexes.
Book Cover; Title; Contents; List of illustrations; Acknowledgements; INTRODUCTION; HOW WOULD THE INVISIBLE HAND HANDLE MONEY? (with Lawrence H. White); THE EVOLUTION OF A FREE BANKING SYSTEM (with Lawrence H. White); THE RATIONALIZATION OF CENTRAL BANKS; THE STABILITY AND EFFICIENCY OF MONEY SUPPLY UNDER FREE BANKING; COMMERCIAL BANKS AS PURE INTERMEDIARIES Between ~old~ and ~new~ views; FREE BANKING AND MONETARY CONTROL; MONETARY EQUILIBRIUM AND THE PRODUCTIVITY NORM OF PRICE-LEVEL POLICY; THE ~PRODUCTIVITY NORM~ VERSUS ZERO INFLATION IN THE HISTORY OF ECONOMIC THOUGHT.
ARE BANKING CRISES FREE-MARKET PHENOMENA?LEGAL RESTRICTIONS, FINANCIAL WEAKENING, AND THE LENDER OF LAST RESORT; IN DEFENSE OF BANK SUSPENSION; BANK-LENDING ~MANIAS~ IN THEORY AND HISTORY; Index.
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Can the 'invisible hand' manage 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.