Bank Deregulation & Monetary Order

Book 7 of 115: Routledge International Studies in Money and Banking

George Selgin

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ISBN 10: 1138987670 ISBN 13: 9781138987678

Published by Routledge, 2015

Language: English

Condition: New Soft cover

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Bibliographic Details

Title

Bank Deregulation & Monetary Order

Publisher

Routledge

Publication Date

2015

Language

English

ISBN 10

1138987670

ISBN 13

9781138987678

Binding

Taschenbuch

Condition

Neu

Dimensions

Weight

459 grams

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About this title

Synopsis

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.

About the Author

George Selgin is Associate Professor of Economics at the University of Georgia

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