Bank Deregulation & Monetary Order
Book Details
Format
Hardback or Cased Book
ISBN-10
0415140560
ISBN-13
9780415140560
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 7th, 1996
Print length
300 Pages
Weight
567 grams
Product Classification:
Monetary economicsBanking
Ksh 28,800.00
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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.
Can the ''invisible hand'' handle 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.
The volume is divided into three sections:
* Part I refutes conventional wisdom holding that any monetary system lacking government regulation is ''inherently unstable'', and looks at the workings of market forces in an otherwise unregulated banking system.
* Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system.
* Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
The volume is divided into three sections:
* Part I refutes conventional wisdom holding that any monetary system lacking government regulation is ''inherently unstable'', and looks at the workings of market forces in an otherwise unregulated banking system.
* Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system.
* Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
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