Financial Stability Without Central Banks

ISBN-13: 9780255367523 / Angielski / Miękka / 2018 / 88 str.

George Selgin; Kevin Dowd

Opis

This book shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank stretches credit too far, it will be reined in by the others before the system as a whole gets out of control.