Bank Deregulation & Monetary Order

Bank Deregulation & Monetary Order
Author :
Publisher : Routledge
Total Pages : 372
Release :
ISBN-10 : 9781134825752
ISBN-13 : 1134825757
Rating : 4/5 (757 Downloads)

Book Synopsis Bank Deregulation & Monetary Order by : George Selgin

Download or read book Bank Deregulation & Monetary Order written by George Selgin and published by Routledge. This book was released on 2002-03-11 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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