The Endogenous Stability of Free Banking : Crisis as an Exogenous Phenomenon

This article studies the main aspects of free banking to put forward the argument that such a system is endogenously stable and that financial crisis is an exogenous phenomenon. In support of this conclusion, it analyzes the cases of bank runs, concerted expansion and how free banking would affect business cycles according to different schools of thought. The article concludes that money can efficiently be a market phenomenon outside the state

MoreLess

Year of publication:	2014
Authors:	Cachanosky, Nicolas
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Bankenkrise \| Banking crisis \| Währungswettbewerb \| Currency competition

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (29 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: New Perspectives on Political Economy, Vol. 6, No. 1, pp. 31-48, 2010 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 24, 2009 erstellt
Classification:	E02 - Institutions and the Macroeconomy ; E59 - Monetary Policy, Central Banking and the Supply of Money and Credit. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013068716