Description

Book Synopsis
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.

Financial Stability Without Central Banks

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    A Paperback / softback by George Selgin

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      Book details

      Publisher Institute of Economic Affairs
      Published 4 January 2018
      ISBN-13 9780255367523
      978-0255367523
      ISBN-10 025536752X
      Also in:
      Business, Finance & Law Economic systems and structures Economic theory and philosophy Monetary economics

      Description

      Book Synopsis
      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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