Are free-market fiduciary media possible? On Credit intermediation, banking, and money production in the free market

Kristoffer Mousten Hansen ()
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Kristoffer Mousten Hansen: GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - AGROCAMPUS OUEST - Institut National de l'Horticulture et du Paysage

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Abstract: Recent debates in monetary theory has centered on so-called free banking and its role in a pure market economy. In this paper we intend to tackle this question from a different angle, as we examine how and to what extend fiduciary media can emerge in a pure market economy.

Date: 2020-01-28
New Economics Papers: this item is included in nep-mon
Note: View the original document on HAL open archive server: https://univ-angers.hal.science/hal-02458505
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