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There has been a significant degree of financial restructuring over the last few decades, which has prompted a rethinking of the first principles of monetary economics. The focus here is on how four specifications of these principles address such issues as the need for central banks and the...
Persistent link: https://www.econbiz.de/10005334177
Scottish banking experience in the period 1695-1845 is frequently used in support of arguments in favor of free banking. The purpose of this article is to assess whether this experience can be treated as a case study in free banking and whether the experience does support the free-banking...
Persistent link: https://www.econbiz.de/10005161978