George Selgin is one of the world's foremost monetary historians. In this book, based on the 2016 Hayek Memorial Lecture, he shows how a system of private banks

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the internation

Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank in

Understanding Financial Stability undertakes an in-depth analysis of all the issues related to financial stability. It establishes a general framework for a hol