Description

Many people mistakenly – but perhaps understandably – believe that ‘free banking’ means paying no charges for their bank accounts. But ‘free banking’ is really an historic term to describe a system in which banks issue their own notes – without the presence of a central bank (such as the Bank of England in the UK). For some, this may seem an alien concept. But free banking has already been explored in many countries around the world. The Experience of Free Banking (first published in 1992) analyses the impact of free banking in such countries as Australia, Canada, France, the US and more. And this revised second edition widens and updates its scope to encompass free banking in Belgium, Italy, China and further afield. Featuring chapters from distinguished economists around the world, it also incorporates an innovative guide, providing an invaluable starting point for researchers delving into the historical impact and effectiveness of free banking – or assessing its future potential.

The Experience of Free Banking

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Paperback / softback by Kevin Dowd

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Many people mistakenly – but perhaps understandably – believe that ‘free banking’ means paying no charges for their bank accounts.... Read more

    Publisher: Institute of Economic Affairs
    Publication Date: 16/11/2023
    ISBN13: 9780255368308, 978-0255368308
    ISBN10: 255368305

    Number of Pages: 436

    Non Fiction , Business, Finance & Law

    Description

    Many people mistakenly – but perhaps understandably – believe that ‘free banking’ means paying no charges for their bank accounts. But ‘free banking’ is really an historic term to describe a system in which banks issue their own notes – without the presence of a central bank (such as the Bank of England in the UK). For some, this may seem an alien concept. But free banking has already been explored in many countries around the world. The Experience of Free Banking (first published in 1992) analyses the impact of free banking in such countries as Australia, Canada, France, the US and more. And this revised second edition widens and updates its scope to encompass free banking in Belgium, Italy, China and further afield. Featuring chapters from distinguished economists around the world, it also incorporates an innovative guide, providing an invaluable starting point for researchers delving into the historical impact and effectiveness of free banking – or assessing its future potential.

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